The S&P 500 (SPY) has gone 505 days without a 10% correction, writes Steven Russolollo. It's...

|By:, SA News Editor

The S&P 500 (SPY) has gone 505 days without a 10% correction, writes Steven Russolollo. It's just the 6th time this has happened since 1962, according to Birinyi Associates, and in each of the other 5 instances, the S&P averaged a 9.2% gain over the next 6 months, and 13% over the ensuing year.