Better fssten those seatbelts and gird those old loins. Doug Short of Advisor Perspectives writes: My recent commentary on four percent and greater declines in the S&P 500 triggered an unusual amount of feedback, much of which has centered on two questions: 1) why pick four percent? and 2) what would a longer look back show us?
The 4% number was an impromptu pick — not the result of data mining but simply a round number that resonates. Now let's take a much longer perspective than my recent S&P 500 snapshots by switching to the Dow and starting in October 1928, when the Dow was expanded from 20 to 30 stocks….
Wait, wait...you need to see the charts at http://www.businessinsider.com/stock-market-crash-near-bottom-2011-8
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