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 classic literature ?
Her own views of every question, and her correction of everything that was said to which she was opposed, Miss Dartle insinuated in the same way: sometimes, I could not conceal from myself, with great power, though in contradiction even of Steerforth.
Knowing that those orders are without appeal, and always punctually executed, I prepared myself to receive the correction I was threatened with, but unexpectedly found the people so charitable as to lend me the money.
And its court for the trial of impeachments and correction of errors is to consist of one branch of the legislature and the principal members of the judiciary department.
The next thought was a correction to that; it lighted up the situation.
Surely then he might have regarded that abhorrence of the un-intact state, which he had inherited with the creed of mysticism, as at least open to correction when the result was due to treachery.
Weeks had listened politely, with smiling modesty, till Hayward finished; then he asked one or two insidious questions, so innocent in appearance that Hayward, not seeing into what a quandary they led him, answered blandly; Weeks made a courteous objection, then a correction of fact, after that a quotation from some little known Latin commentator, then a reference to a German authority; and the fact was disclosed that he was a scholar.
These things," he added, looking at Lydgate, "would be to me such relaxation as tow-picking is to prisoners in a house of correction.
Saintsbury rightly points out, in correction of an imperfectly informed French critic of our literature) the radical distinction between poetry and prose has ever been recognized by its students, yet the imaginative impulse, which is perhaps the richest of our purely intellectual gifts, has been apt to invade the province of that tact and good judgment, alike as to matter and manner, in which we are not richer than other people.
It was honorable attention on the part of Gentleman Jones to correct me when I was in error; it was honorable common sense in me to profit by the correction.
The prudent housekeeper was again dispatched to bring the unhappy culprit before Mr Allworthy, in order, not as it was hoped by some, and expected by all, to be sent to the house of correction, but to receive wholesome admonition and reproof; which those who relish that kind of instructive writing may peruse in the next chapter.
But that's not to the point; what is to the point is a correction I must make in your comparison.
Grewgious proceeded, 'goes on to represent (under correction from you, Mr.

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