The Markets Will Either Correct or Crash. What You Should Do When It Does.
A drop in the stock market of over 20% is called a crash. Year to date, the Dow Jones Industrial Index has dropped by 9% since the peak of January 3rd. While the Index has come close to a correction (defined at 10%) but not a crash, most analysts appear to agree that after a ten-year bull run, the Dow may have lost steam and expect a correction.