Corrections

“It has been 408 days since the last 10% correction in the MSCI World index, the 8th-longest period on record.” (Société Générale)

Correction

November 21, 2013:

“Drawdown risk is rising after a rally with no correction. The S&P 500 has soared 26 % YTD. The median expected drawdown equals 6 % in the next three months and 11 % during the next 12 months. We estmimate a 67 % probability of a 10 % drawdown at some point in 2014.” (Goldman Sachs)

Risk (1)

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