S&P 500 Could Easily Drop Another 20%

How far lower are we going to fall?

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wrbtrader said:
A ton of people have been calling that lower high in the S&P and Dow in December as a selling point but I don't think anybody believed them especially on the first day of the year 2016 (after December). Many of them are the same folks giving their economic analysis via saying the top was in place around May but that little rebound in the fall kind'uv quiet things down for a little bit.

Yet, I don't remember anyone predicting the impact of China as a catalyst because most were concentrating on the FED and Oil as the catalyst.
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Great points...Many people still had fresh memories of Oct 2014 and the "v" reversal with Bullard's comments, which propelled us to those May 2015 highs...The rally in Oct 2015 was also one for the record books and the tail end of it was fueled by more dovish commentary by Abe and Draghi...So even though many sectors were breaking down and were not confirming what was taking place in the headline indicies, there was a great deal of skepticism that this market could actually correct (plus there were numerous rallies off of the pullbacks - mid Nov, early Dec, late Dec)...
 
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