What’s Going On: Market Pullback, Pump ‘n Dump?
Thursday, January 30, 2014 11:36 AM EDT
The 4% loss year to date certainly qualifies as a pullback but comes nowhere close to qualifying as a correction which market technicians define as a 10% decline. The S&P 500 would have to retrace another 110 points on top of the ~75 points it has lost year to date to meet that definition.