In 1987, for example, the break following
the August bull market peak was largely recovered over the course of several weeks before failing rapidly in October.
Prior to the advance of recent years, the list of these instances was:
August 1929, the week of the
bull market peak;
August 1972, after which the S&P 500 would advance about 7 % by year - end, and then drop by half;
August 1987, the week of the
bull market peak; July 1999, just before an abrupt 12 %
market correction, with a secondary signal in March 2000, the week of the final
market peak; and July 2007, within a few points of the final
peak in the S&P 500, with a secondary signal in October 2007, the week of that
bull final
market peak.
It should be given very a high attention that in July 2007, after the debt / US GDP NYSE margin reached its pre-financial crisis high, the S&P 500 just three months later had reached its
bull market record monthly close, and after the debt / US GDP NYSE margin in March of 2000 had reach the dot - com bubble
peak, the S&P 500 after just 5 months in
August of 2000 had reached its secular
bull market record monthly close.