retire@40
Thinks s/he gets paid by the post
- Joined
- Feb 16, 2004
- Messages
- 2,670
Definitions of Market Correction:[SIZE=-1]
I don't understand how all the sellers did not see this coming. On this forum, we've been talking about credit-related problems in the banking system for months, so it was known for a long time. It appears current sellers in the market had blinders on and just took them off and got spooked.
- A drop of at least 10% in one of the market indexes such as the Dow Jones Industrial Average, Standard & Poor's 500, Russell 2000 (for small capital companies), or other market index.
I don't understand how all the sellers did not see this coming. On this forum, we've been talking about credit-related problems in the banking system for months, so it was known for a long time. It appears current sellers in the market had blinders on and just took them off and got spooked.
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