💰Market Correction Explained | Prepare for a bear market

Market Correction Explained here at Invest My Buck. When a stock index falls more than 10% from a recent high, it is often said to have entered “correction” territory. That’s a fairly neutral term for what can be an unpleasant experience to many investors. What does a correction mean? What could happen afterward, and what can you do to help your portfolio weather the downturn? Here are answers to some commonly asked questions:
What is a correction?
There’s no universally accepted definition of a correction, but most people consider a correction to have occurred when a major stock index, such as the S&P 500® index or Dow Jones Industrial Average, declines by more than 10% (but less than 20%) from its most recent peak. It’s called a correction because historically the drop often “corrects” and returns prices to their longer-term trend.
Do corrections mark the start of a bear market?
Nobody can predict with any degree of certainty whether a correction will reverse or turn into a bear market (that is, periods when the market is down by 20% or more). However, historically most corrections haven’t become bear markets. There have been 24 market corrections since November 1974, and only five of them became bear markets (which began in 1980, 1987, 2000, 2007, and 2020).
Since 1974, only five market corrections have become bear markets

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