On Wednesday of last week, we finally had some panic and despair show up, Google trends for the search of bear market hit levels not seen since 2008-2009.  If you remember, the S&P500 was down to the tune of 50% from its 2007 all time high.  

So far this correction is in line with the average intra-year decline for the last 30 years which is roughly 14%, 15% is the average intra-year since 2009.  Despite the average intra-year drops of 14.2% the SP500 has managed to close higher in 27 of 36 years (75%).

Before today’s rout the SPY managed a 5% rally from the lows, if you believe that this will be 2008 all over again, then take the recent respite to get your house in order. DO NOT WAIT UNTIL THE MARKET FALLS UNDER PRESSURE AGAIN.

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.