The country also had a painful housing market correction and relies heavily on the financial sector.
The three-month period ending in January gave us the first big global market correction since 1998.
If enough people started to think that way a market correction would be moments away.
One famous prognosticator is now calling for a market correction in the second half of 2013.
All we got out of this market and greenback jawboning was a massive stock-market correction.
In fact, a market correction, though unpleasant, helps to prevent irrational exuberance from forming.
Higher unemployment would be one possibility: it might turn the housing-market correction into a rout.
The market correction in 2010 lasted ten weeks and resulted in a 17.6% drop in SPY.
But one rash act or poorly informed decision can lead to sharp losses before you can say market correction.
The market correction from May to October 2011 resulted in a 21.6% drop in the SPY.
Moreover, small-caps have fallen some 10 to 15% in the recent market correction that began last March.
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Similarly, the current market correction began in mid-April just as the first quarter earnings reports began coming out.
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Back in April, a broad market correction dragged on Citigroup, along with the rest of the financial sector.
When a market correction is underway investors naturally become increasingly fearful and bearish as prices continue to fall.
Even if a market's upwards trend is not broken, a market correction can still be significant, analysts said.
If KMV's model works and the market correction has nearly run its course, junk bonds are now a buy.
Technicians point to the low volatility of the VIX Index and forecast a sizable market correction around the corner.
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Will following these steps prevent you from incurring the pain of a market correction or, worse, a bear market?
Once one trade reversed course, so did other trades, creating a contagion that broadened and magnified the market correction.
The market correction last spring resulted in a 10.6% drop in the SPY.
However, in 2010 the weakness came early, a 3-week market correction of 7.9% beginning January 19 and ending February 8.
The April market correction doused many of the hot hands on Clearstation, but dozens did buck the trend big time.
The tech sector is a sector that now looks like it could lead on the downside in a market correction.
Ironically, the drop occurred the same day I read two research reports that discussed the possibility of a market correction.
Once one trade reversed course, other trades followed, generating a contagion that broadened and magnified the market correction across asset categories.
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Whether the associated equity speed bump exceeds the May 2006 global-market correction depends on the extent of the U.S. inflation problem.
Knowing what to avoid in a market correction can be just as important as knowing what to buy in a rally.
The key is to determine when a market correction provides opportunities and when it fails to cause prices to fall enough.
If KMV's model works and if you think the market correction has nearly run its course, junk bonds are a buy now.
Even more telling, Yahoo was the only company to break through the highs it reached in July before the subsequent market correction.
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