How Bad Could This Get?

The S&P 500 is approaching bear market territory and it happened in a hurry: This drawdown profile doesn’t even look real. It looks like an intern fat-fingered the wrong number on the spreadsheet. The speed and ferocity of this downturn is a good reminder that risk can happen fast. The stock market lost nearly 11% in just two days. Woosh…gone. Since 1940 there have been 46 double-digit corrections. Most o...