esrosedotblog

MARKET TERMS

OK.

This morning on CNBC and in the NYT, they are talking about how yesterday's market plunge is a "correction".

That left me in the dark.

I have heard this term before but just pretended to myself, the ultimate form of delusion, that I knew what it meant.

I looked it up.

It is when the market drops 5-20% and no one has a specific reason why it happened so they just call it a correction.

I suppose it is like when my bank book doesn't balance and I can't figure out why.

Quicken allows me to "adjust" the register.

I suppose it is the same thing.

A formalization of "I don't know".

There is a small "recovery" today. I am not going to look it up.

Labels: economy, market