By: Steve Smith
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