If the economy avoids a recession, then the current decline is approaching the avrage for both time and price.

 

As ugly as the market has been, at this stage it's time to get off the indexes and focus on leading stocks. The best names ALWAYS bottom BEFORE the averages. Now is the time to START looking for names that will lead the next bull market which will for certain to follow this correction.

"Lies, damned lies, and statistics"

Going back to 1932 there were three other times when the market started the year down more than 20% and in each of the subseqent years the market closed higher than it had ended in June. Like 1962.
 

What will be the new leadership ?