Guide to Stock Market Corrections (TBP)

It's been awhile since my last post.

I ran across this post on the Big Picture Website.  It is a succinct guide to stock market corrections.

A few tidbits.

• Since the end of World War II (1945), there have been 27 corrections of 10% or more, 12 of which had turned into full-blown bear markets (with losses of 20% +).

• This equates to one correction roughly every 20 months, according to Dow Jones index maven John Prestbo, who points out that this average does not mean they’re evenly spaced out. 25% of these corrections over the last 66 years occurred during the 1970′s (the Golden Age of Market Timers), another 20% occurred during the secular bear market of 2000-2010.