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A market correction has a specific technical meaning: a fall of 10% from the 52-week high.

• dheera 5y ago
  Yes, they define this specific meaning so that it makes them feel comforted about it. "Oh shit I just lost 10 million dollars, but nah it's not a crash, it's just a correction" -hedge fund people on Wall St. in suits working till 2am eating ramen because they can't get off work in time to cook a healthy meal or go to a normal restaurant