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Recent 5% Pullback Stats

From Dorsey Wright & Associates:

Recent 5% Pullbacks Stats

  • Since the bottom in 2009 we’ve had 20 pullbacks of at least 5% (including the current one).
  • On average, you get another 2.12% downside after the day you reach 5% down. That number seems to be pretty steady across different bull markets (2003-2007 and even 82-99, excluding October 87).
  • On average, during the 2009-now rally it’s taken 7 days after reaching 5% down for you to reach the actual low. For the most recent pullback, October 10th is the date we hit the 5% down mark, so seven calendar days from that would be Friday, October 17th.
  • While the average is 7 days from hitting the 5% pullback mark to finding a bottom, the longest stretch was 24 days (November 2011) and the shortest was zero days multiple times. DO NOT LET THE FINANCIAL NEWS MEDIA SCARE YOU OUT OF A STRONG MARKET.

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