It doesn't make a difference if we make it or not
Woah, we're half way there Woah, livin' on a prayer" – Bon Jovi We're at a critical inflection point in the market. The S&P 500, as you can see, has fallen back from 4,800 to 4.560 (a bit lower now) but that's only a 5% correction while the Nasdaq has fallen closer to our predicted 10% (15,000 was our goal) and the Russell has fallen from 2.400 back to 2,065 and that's 14% and no one cares what the Dow does as it's a ridiculous, price-weighted index whose movements are meaningless (yet followed closely by most of the World). As for the Dow, it is down from 36,500 to 35,000, which is 4% so I'm fairly certain we'll be seeing the rest of that 5% drop before we're through and, more likely, a full 10% drop is ahead of us – all the way back to 32,850, which is where we were in March of last year. The Russell is 200 points BELOW where we were last March – so perhaps it's the canary in the coal mine for all of the indexes.
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