... [edited out].......
Your dumb ass statement that "it has happened in the past" seems to be a bit out of context, because you seem to be just trying to assert that such a downward event, at this time, is more likely than it is... and currently we happen to be in a bull market, so show the exact comparison that you are suggesting if you want to seriously entertain "it has happened in the past" baloney.
That's my whole point I don't think we are. I think it's the bull phase of a bear market and it's just turned back to the bear market in the larger bear market. Phase C as iv'e said countless times over.
Well your theory of not being in a bullmarket does not really make matters better because it just looks like you are downplaying facts, logic and reasoning to string them together.
Furthermore, you can assert your dumbass Phase C theory until you are blue in the face, it does not become more convincing merely because you are repeating it.. with at best a fantasy grasp on selective facts and logic.