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Correction
Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. If prices have been rising on the market as a whole, and then fall dramatically, this is know as a correction within an upward trend. Antithesis of a technical rally. See: Dip, break.
Correction
A fall in the price of shares, either of one company or a sector or the whole market, which is something less than a crash but which is nevertheless fairly steep.Sometimes corrections are seen as beneficial in taking some of the heat out of overheated bull markets. In other words, they take P/E ratios down to slightly less extreme levels.
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