This Decline Is Pretty Average

We've been saying for awhile that this correction is pretty run of the mill.  Above are some graphs that show I'm correct.  These come from Charlie Bilello over at his excellent twitter page.  They show that so far the draw down in stock prices is pretty average.  As often happens there are many in the media who were proclaiming a few weeks or so that they'd love to see a pullback in stocks so they could buy at lower prices.  Most of them are nowhere to be found right now or have changed their tune.

Back Wednesday.

*Long ETFs related to the S&P 500 in client and personal accounts.  Positions may change at any time without notice or publication on this blog or on any other form of media.