Michael Perelman wrote: >Doesn't the term "market correction (rebound) work like the description of >the Middle East "peace process" -- suggesting a hope rather than >information?
No. As DD pointed out, a "correction" is a move counter to the larger trend. A correction in a bull market is a downdraft of up to 10%; in a bear market, an updraft of no more than 10%. When the move exceeds 10%, you start thinking about redefining the trend. This is all demotic market-speak; many finance academics view this stuff as little better than astrology. Doug
