The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Really quickly today… I know I'm whispering because I'm up very early and my kids are still sleeping and it's like 4:30 in the morning here. But I was listening last night to somebody on the news talk about… My wife watches the regular news during the evening and they had somebody on talking about the markets and the fact that stocks were pulling back and this person said, "Oh well, you know this market needs a healthy pullback of 5% or 10%." I'm thinking to myself like, "What the heck is a healthy pullback?" If a market is strong and if the market is strong, it shouldn't pullback. We should have ebbs and flows every day, a little bit of buying, a little bit of selling here. Of course, that's healthy. We don't want everyone just buying up everything. But in a healthy market, there's no such thing as a healthy pullback. I'm just totally baffled by that comment and don't think that it's actually realistic. I don't think that if markets are healthy, they just randomly pullback 10%. 10% is a pretty significant dr