Will Current Market Correction Turn into a Bear Market?

Posted On November 21, 2018 11:43 am
By: Steve Smith

Source: Pixabay.com

Over the past six weeks, the broad stock indices — such as the S&P 500 and Nasdaq 100 — have given up their year-to-date gains, and are now off about 10% from their 52-week, putting them in “correction” territory. Will it turn into a bear market?

While the technical definition of a stock market correction is considered a 10%, and bear market is a 20%, one could make the case that the U.S. has not only experienced the former, but are already teetering on the latter. The fact is that… Continue reading at StockNews.com

Tagged with: s&p 500

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.