HomeTrading NewsBank of Russia Rolls Out First Emergency Measures as Ruble Dives

Bank of Russia Rolls Out First Emergency Measures as Ruble Dives

TheStreet.com

Calling the Current State of the Market a ‘Correction’ Is a Joke

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. Most of the time, the ‘correction’ and ‘bear market’ definitions do provide some good insight into market conditions, but as I’ve been discussing for nearly a year now, there is a giant disparity between the indexes and various sectors and calling the current state of the market a ‘correction’ is a joke.

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