Bill Luby over at his “VIX AND MORE” blog has a great piece up detailing all of the pullbacks in the S&P 500 sine March 2009, complete with a neat chart. An excellent reference guide, no doubt.
As he notes:
…a mean pullback would bring the SPX back to 1420, while a median pullback would suggest a downside target of 1446. Of course these are just averages; a repeat of the 21.6% pullback from 2011 would put the SPX back exactly at 1200.
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