Just Sayin......

You have to go back to September-October of last year to find a period when the markets have corrected more than 5%.

You have to go back to early 2016 to find a period when the markets have corrected more than 10%.

You have to go back to 2011 to find a period when the markets have seen a correction approaching close to 20%.  

There have been no corrections worse than 20% by our analysis since we began this current bull market in 2009.  

It is August and most investors are either enjoying the last few weeks of summer, getting the kids ready to start the new school year in most places or thinking about many things other than the action of the stock market.  Optimism is high.  Complacency seems higher.  

Measures of investment concern such as the VIXX are near all time lows.

The economy is percolating along, not to hot, not to cold.  Markets, however, have been range bound and listless since mid-July.

North Korea threatens conflagration, investors yawn.

President Trump seems intent to seem as "un-Presidential" as possible via his twitter account.  The markets pay him no mind.

Stock valuations are elevated.

And did I mention that markets have been range bound and listless since mid-July.

Not making any predictions.  Just sayin........