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Do Valuations Matter? (EP.320)

Animal Spirits Podcast

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The Grand Rapids Hedge

Since 1928, the S&P 500 has finished up 10% or more 55 times. In 23 of those 55 years, there's been a correction of Picatra from 10 of 10% are worse in that same year. 34 times we've had a game of 20% or more. Out of those 34 years, 16 years have seen a correction of 10% or worse. There's a 50-50 shot of a correction in a very big up year and of a 10% correction.

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