The Definition

So, it’s official – we’ve had a stock market correction, according to the universally agreed upon definition of a 10% drawdown from the recent high. From the New York Times, a recent history:   Too soon to know if this correction will turn into a bear market (regarded by most as a 20% drawdown). My director of research Michael Batnick notes that of the fifteen true corrections from record highs sin...

source http://thereformedbroker.com/2018/02/09/the-definition/