Other Resources
Calling the Current State of the Market a “Correction” is a Joke. By James “Rev Shark” Deporre
Online Article
The traditional media is taking note today that the S&P 500 is now in 'correction' territory which is defined as a drop of 10% from highs but less than 20%. At 20%, the correction becomes a bear market.
It is not clear where these definitions come from, but it is likely that journalists that needed a convenient shorthand for characterizing the market in a headline were involved.
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