The S&P has fallen 11.8% already during this “small correction”. Assuming that the bottom is in already (February 9, 2018 = the bottom), the S&P has rallied for 48 days already. Is this normal? How long does it usually take for a 10%+ “small correction” to reclaim its old highs?

Here are the bottom dates for 10%+ “small corrections”

Here’s how many days it took for the S&P 500 to make a new high.

June 4, 2012

It took 55 days for the S&P to make new highs.

August 16, 2007

It took 35 days for the S&P to make new highs.

February 28, 2000

It took 16 days for the S&P to make new highs.

October 18, 1999

It took 21 days for the S&P to make new highs.

October 28, 1997

It took 26 days for the S&P to make new highs.

April 14, 1997

It took 15 days for the S&P to make new highs.

July 16, 1996

It took 42 days for the S&P to make new highs.

January 30, 1990

It took 82 days for the S&P to make new highs.

September 29, 1986

It took 46 days for the S&P to make new highs.

February 13, 1968

It took 51 days for the S&P to make new highs.

June 29, 1965

It took 60 days for the S&P to make new highs.

October 11, 1955

It took 23 days for the S&P to make new highs.

Conclusion

It has been 48 trading days since the S&P 500 bottomed on February 9, 2018. Provided that the bottom is already in, it can take up to another 2 months before the S&P makes a new high. This means that the S&P should make a new all-time high by the time summer 2018 rolls around.