So in the last few weeks I keep reading articles that the market is due for a pull back but after all that prediction nearly all suggest the market moves higher and closes up on the year....so it seems every dip these last 8-9 years was just another buying opportunity....I just cant wait to see the moment the markets lose ground and all those who thought it was going to come back just watch in awe the market dropping even further, I mean how much more can you expect from a market that's up 220%+ in 7 years??? How much more can you squeeze out of this market...I know the central banks of the world are propping everything up but let's be realistic...aside from that I find it absolutely mind boggling that a 2% drop after a 220% rally sets off so many articles and discussions on where the markets are headed next...
Where are you getting the 220% from? I see only 150% from the 2008/2009 crisis low point. Its only up about 30% from the high before that crisis. 797.87 was the low point in Jan 2009. 2127/797.87 = 2.67. So, its up 167%.