How 20% declines in stocks came to be known as ‘bear markets’ on Wall Street
The S & P 500 is inches away from a decline of 20% from its recent closing high on February 19. This, we are told, would constitute a “bear market.” But who decided that a drop of 20% was a “bear market?” For that matter, who decided a drop of 10% was a “correction?” If you … Read more