They call them corrections for a reason. Extreme moves in one direction increase the likelihood of extreme moves in the opposite direction. You can chart volatility just like you can chart the price. Volatility is high right now.
Corrections are not the same as crashes that wipe out 20 or 30 years of gains. The index is still up for the year. It is very disturbing that the govt. rushes in to attack short sellers and prop up the market artifically, funneling money into it. They show no enthusiasm to attempt to curb the bubble as its growing as the mkt is on the way up. In that way they are the same as the western world.
They are called corrections some time after the event, once we've all had our fill of hindsight. Are you trying to predict the market by claiming that it won't fall any further? If you aren't, then how can you be sure that this is a correction and not a crash?
Even by your extreme measures of what a crash is, you have to realise that they don't happen instantly... who knows how long the market might sink for... Or rebound?
Corrections are not the same as crashes that wipe out 20 or 30 years of gains. The index is still up for the year. It is very disturbing that the govt. rushes in to attack short sellers and prop up the market artifically, funneling money into it. They show no enthusiasm to attempt to curb the bubble as its growing as the mkt is on the way up. In that way they are the same as the western world.