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points by mywittyname 3 days ago | 0 comments
It's funny: for all the "pattern recognition" people try to apply to markets, they often miss the very basic ones. "Record highs" are incredibly common, and "corrections" also happen regularly.

June had two similar NASDAQ corrections, July had one as well. Sept was flat, but October was a straight downward trend. On the flip side, April to June was a constantly increasing.

The last time the NASDAQ was this low was all the way back in April 2026...

[–] woah 2 days ago
By definition it is either at a record high or in a correction, especially with inflation
[–] abirch 2 days ago
I get what you're saying, however, a correction is technically a 10% drawdown from a recent high: https://www.schwab.com/learn/story/market-correction-what-do... so you can be neither in a correction nor at an all-time high. You can be down 0.01% to 9.99%