"Correction." Clearing Up Some Confusion...
From Greg M
Lions.. it seems, by reading some of the comments on my latest video below, that despite me explaining what a “correction” is-there remains some confusion.
What Is a Correction?
In investing a correction is usually defined as a decline of 10% or more, but not exceeding 20%, in the price of a security from its most recent peak.
Corrections can happen to individual assets, like an individual stock or bond, or to an index.
That’s it!
Today the SP500 is 13% off its all time high- this is a CORRECTION by definition.
GM
Let's make it simple. Dow/S&P 500=in correction territory. Nasdaq=down over 20% from ATH is now in Bear Market territory. Bonds=Avoid at all costs!
Thanks for correcting the correction of the correction