Greatest Moments In Profit Taking History... You Were Warned

"Given the US economy is nearly three quarters premised on consumption; the income, spending, and savings of those consumers probably still matters.  Just two of the most important variables shown in the chart below:

• Household net worth (value of all assets held) as a percentage of disposable personal income (all sources of income minus the tax paid on that income).
• Personal savings rate (the amount remaining from disposable personal income, after all expenditures, that is available to be saved in a bank and/or 401k / IRA, etc.).

The chart below, from 1960 through Q3 of 2017, shows that accelerating significant dives in the personal savings rate have preceded each crash in asset prices.

at https://www.zerohedge.com/news/2018-01-30/greatest-moments-profit-taking-history-you-were-warned