From BigPicture,
Its been a very long time -- 930 days -- since the Dow Industrials suffered a 2% one day decline; Not only has the S&P 500 gone almost four years without a 2% down day, it has been seven months since it has corrected 2% at all! This is the second-longest such period in 53 years.
A data point like this is fodder for both the sheep and the upstream-swimming salmon - see my prior post.
The difference is, the sheep are really fat and flush while that skinny salmon is broke, if not extinct.
Both stock and bond option premiums are also hovering near record lows.
I'd give my right arm to know the precise amplitude of this pendulum...
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