Of the last 297 declines...

…that were 5% or more, the median was 8% decline and the average was 12%. According to some stat from CNBC a few days ago. Those numbers won’t prevent a 15 or 20% decline of course, but interesting. Since it has been so long since a real decline, On Thursday, the pullback reached 9.7% on the Nasdaq and 10.2% on the S&P 500. The last time the indexes fell significantly more than that was December 2015 to February 2016 (down almost 19%) and August 2015 (down about 18%). The Nasdaq had a lesser 11.6% decline in June 2016 , one would expect at least a good 12% and given where we are that is not exactly a bold prediction.

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I think the S&P 500 dipped briefly less than 5% right after the Brexit vote in Jule 2016. Now that seems like such a long time ago, and the Feb. 2016 dip is ancient history.

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