Dow plummets 1000 points into correction territory, S&P 500 drops 3.7% to new low for week

[wysimdnwyg]

9. A "correction" is typically in the 10% neighborhood

We're now there. The Dow Jones has dropped over 2,750 points from its all time high of 26,616.71 in late January.

That said, the "experts" have been predicting a correction for a while now. Don't be surprised or alarmed if it drops another 2,000 points or so over the next few weeks. That would put it in the area of a 20% drop. The 2008 recession was notable for a drop in the Dow of over 50%. The market has been extraordinarily bullish since 2009 or so (hmm... I wonder what major event happened in early 2009 that might have something to do with that?) and has more than quadrupled from a low of 6,443.

(If it goes down more than 20%, you should probably be a bit concerned.)