What are the Implications of the SPX Finally Correcting >10% in August After Nearly Three Years of Uninterrupted Upside?

What are the Implications of the SPX Finally Correcting >10% in August After Nearly Three Years of Uninterrupted Upside?

In May-14 I discussed here that the magnitude and duration of the SPX rally off its 10/3/11 low w/o a 10% correction was turning into one of history’s biggest such moves. In a follow-up post on the same topic in Oct-15 after it had…...

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