Stock market officially in a correction
February 9, 2018 -- Markets continue to dive with Standard & Poor’s 500-stock index falling into correction territory – down more than 10 percent from its peak in late January – ending a bull market up 287 percent since March 2009.
A correction is a term used to indicate that a downward trend is more severe than merely a few days of bearish trading.
Ed Yardeni, a stock market analyst, points out that the current bull market started on March 9, 2009. This bull market is currently the second-longest and fourth-strongest for the S&P 500.
The last bull run was from October 2002 to October 2007. The S&P 500 surged 102% in that time, followed by a 57 percent downturn triggered by the bursting of the housing bubble.