Just an about 25% haircut and a missing 5th wave is still looming.
The correction went just below the 4th wave of lesser degree imo.
In logarithmic terms the price damage so far was about equal to the 1993-1999 one (wave-1).
BTW, the 1991, 1993 and the 2011 highs all fall in a straight line.
Edited by tria, 03 March 2016 - 05:15 PM.
