A few days ago
Don’t you hate the phrase “market correction?”?
Don’t you hate the phrase “market correction?” I do. To correct something means it was wrong before and it’s going to be fixed. People use the term “market correction” when the stock market was going up and it goes back down. That makes it sound like a stock market going up is “wrong” and a stock market going back down is “correct.” How retarded is that? Am I the only one bugged by this phrase?
Top 2 Answers
A few days ago
Favorite Answer
That is a dopey phrase, but not as bothersome as “dead cat bounce”
1
A few days ago
Presumably the phrase connotes that the rise before the fall was due to “exuberance” — another of those phrases used by finance journalists to describe what they regard as unwarranted high prices for shares. So, the “correction” returned prices to a justifiable level. These guys look at figures like dividend yield, price to earning ratio, etc. to make their judgments. However, whatever they say, caveat emptor.
1
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