The S&P 500 is approaching bear market territory and it happened in a hurry:
This drawdown profile doesn’t even look real. It looks like an intern fat-fingered the wrong number on the spreadsheet.
The speed and ferocity of this downturn is a good reminder that risk can happen fast. The stock market lost nearly 11% in just two days. Woosh…gone.
Since 1940 there have been 46 double-digit corrections.
Most o…