Correction

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Correction

Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. If prices have been rising on the market as a whole, and then fall dramatically, this is known as a correction within an upward trend. Antithesis of a technical rally. See: Dip, break.

Market Correction

A drop in the price of a security when that security has been overbought and therefore overpriced. Market corrections are usually short-term and are necessary for the stability of the security.

correction

A sharp, relatively short price decline that temporarily interrupts a persistent upward trend in the market or in the price of a stock.

Correction.

A correction is a drop -- usually a sudden and substantial one of 10% or more -- in the price of an individual stock, bond, commodity, index, or the market as a whole.

Market analysts anticipate market corrections when security prices are high in relation to company earnings and other indicators of economic health.

When a market correction is greater than 10% and the prices do not begin to recover relatively promptly, some analysts point to the correction as the beginning of a bear market.

References in periodicals archive ?
McHenry County Sheriff's Adult Correctional Facility, Woodstock, Ill.
Ellsworth Correctional Facility-Ellsworth East Unit * Ellsworth, Kansas Hutchinson Correctional Facility * Hutchinson, Kansas
The high prevalence of HIV infection in overcrowded and understaffed correctional facilities further accentuates these concerns and poses a public health challenge.
In March, another Lancaster correctional officer who was repeatedly kicked in the head by two inmates was awarded more than $10 million in a civil judgment.
Among the first pilot telemedicine projects among correctional facilities was the Ohio Department of Rehabilitation and Correction Telemedicine Pilot Project launched in 1994, effectively linking the Ohio State University Medical Center with the Southern Ohio Correctional Facility, Ohio's maximum security prison (Wilkinson & Gailiun, 1998).
We have found that male correctional employees have vaginally, anally, and orally raped female prisoners and sexually assaulted and abused them," says the report.
Another goal of the transition team was to dispel the rumors and myths regarding correctional facilities.
We have experienced tremendous growth with SHP over the past several years and believe the market is ripe for an alternative approach to outsourced correctional health care.
Ontario will also continue to promote diversity within Correctional Services by targeting recruitment to ensure that correctional officers are reflective of the diverse communities they serve.
Charlotte Burns, assistant warden of operations, Corrections Corporation of America, San Diego Correctional Facility, San Ysidro, Calif.
The employee has been with Correctional Services of Canada since 1995.
Stress impacts the working attitudes and behaviors of correctional staff and ultimately can have devastating physiological consequences.

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