No matter what the official criteria for “correction” is, that word just doesn’t feel right. “Correction” implies it’s a fix for some insignificant thing, like over exuberance/a bubble. But that’s not what’s going on here.
One of the biggest manufacturing economies has essentially shut down. Companies are already warning about significant impacts on quarterly earnings. Those are actual, real things — not people just realizing they got a little too excited.
One of the biggest manufacturing economies has essentially shut down. Companies are already warning about significant impacts on quarterly earnings. Those are actual, real things — not people just realizing they got a little too excited.