S&P 500 Peak to Trough

Here’s an great chart of the S&P’s recent peaks and troughs from 2007 through today. On a percentage basis the recent rally from the bottom had been much faster and much stronger than the fall from the top -weird right? So what does this tell us. Well, we all know that the markets won’t continue in this state forever. Our continued assumption is that a major correction is in the works over the next 3-5 months.