It is true that a market correction is defined as a stock market decline of 10% or more.
What is market correction?
- A market correction is a sudden shift in a commodity's nominal price that occurs after a trading restriction is lifted and the free market determines a new equilibrium price.
- It might also be used to describe a number of these mass corrections of a single commodity that have an impact on numerous markets at once.
- Market corrections—and all kinds of market falls, for that matter—happen most fundamentally because investors are more inclined to sell than to purchase.
- Simple supply and demand doesn't adequately explain why investors are selling, though. Most investors have an eye toward the future.
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