Howard Gold’s No-Nonsense Investing: If you weren’t yet worried about the stock market, you should be now

A couple of weeks ago I wrote, “If this selloff turns into a 10% decline, it would be the second such correction within eight months, which I fear would mean this nearly decade-old bull market is really in trouble.”

My reasoning: This was such a rare event (over the past 30 years it has happened only once, and never after a long bull run) that I could no longer assume the stock market would come roaring back.

Monday’s wild swings in share prices ultimately drove the Dow Jones Industrial Average DJIA, -0.99% to an 8.9% decline from its early October all-time closing high and the S&P 500 SPX, -0.66% to a 9.9% drop from its Sept.

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