RE:RE:RE:RE:Confessions of a beat up ELD share owner January 2016. That’s the last time there was a stock market correction of at least 5% in the S&P 500—360 trading days ago, and counting …
It’s not a record. The longest correction-free stretch was in the late 1990s, when the S&P 500 didn’t retreat 5% or more for 394 trading days. In fact, there have been three stretches without a stock market correction that have been longer than the current one. The other three all lasted at least 370 trading days.
Stock market trends tend to last longer than people expect, as president and chief investment strategist Tim Lutts is fond of saying. But if 89 years of data holds, the current correction-free rally has about 30 days left before it pulls back at least 5%. If the current rally were to match the late-1990s record, that would mean you should expect a pullback to occur sometime in late January.