Back to top

Real Time Insight

1597 is now the all time high for the S&P 500. Yet after climbing to those heights on April 11th the S&P has fallen to as low as 1536. 

That is a 3.8% decline. And technically speaking a correction calls for a minimum drop of 5% (anything greater than -20% is called a Bear market). 

So which do you think is taking place now? 

1) Consolidation: We will not reach -5%. Stocks are just consolidating now to make a push to 1600 and beyond in the future. 

2) Correction: We have not seen the end of this market correction. When all is said and done we will make it down to 1517 or lower. (1517 = 5% lower than 1597). After the correction, stocks will return to their bullish ways.

3) Bear Market: The 4 year bull party is over. Time to pack up your bags as stocks will decline 20% or more in the coming year. 

Place your vote below. And don't forget to say why you think that is the case. 

Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is The Next Great Innovator that looks to change the direction of our entire economy. Another is a recent IPO that already built a fortress in its segment. Still another, a small cap, has racked up 7 straight positive earnings surprises.

Close This Panel X

Please login to Zacks.com or register to post a comment.