Just wanted to post this thread from Twitter as some of the blog readers only follow these posts:
Very far from being end of the world, just a correction for now but damage has been done. It’s important to keep this in mind and also focus on the natural implications of not only the ‘size’ but also the ‘speed’ of the move.
One of the ways to get a good view of this is to flip over to a monthly chart ($VTI in this example) and see that we have given back the latest 5/6 months ramp in this recent correction (26 trading days)…
We are trading back at November 2017 levels. Let that sink in… *November 2017*. Doesn’t mean that we’re not going higher but just keep this mind mind for perspective.
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