The stock market has been misbehaving in 2018, and the erstwhile pattern of 2 to 3 percent corrections followed by new highs has been broken. First, there was a 12 percent mini-crash, then a rally, then another drawdown—and no new high, at least not yet.
Most pundits think this is just a repeat of the more volatile times, as in 2011, 2012, or 2016, when stocks corrected more than 10 percent, then went off to new highs again.
