Don’t panic, it’s just a correction!.. is what the wise man once said to his son who almost sold everything in a panic when the market dropped a little.
In February 2018 the Dow Jones in the USA experienced a number of days of heavy losses, that subsequently lead to an official correction being called. This resulted in most other markets in the world going into a correction as well. But what is a correction?
In this episode you will learn:
- The definition of a correction and the market conditions required for it to be official
- How many corrections we’ve had over the past 40 years
- What we did in the most recent correction – did we panic and sell?
- How to navigate your way through a correction and prepare yourself for the next one
Stocks and resources discussed