I agree -- no real corrections -- that's why I qualified the term. Do you not understand the phrase "if you can call it that"?
Nikkei's two major bear market counter-cyclical rallies both had similar profiles and lack of corrections. Followed by MAJOR declines.
Each pullback is met with shorting and put buying.
A daily newsletter I subscribe to frequently shows short transactions to be more than 50% of overall volume on NYSE, and this is not limited to down days.
When someone with the screenname "youngjim" tells me to "leave it to the adults", and I have been following stock market internals since 1974, I tend to permanently remove that person from my list of credible posters. And no longer read their replies.