You Asked, So We’ll Answer FOQ: What Is a Correction? Short: A drop of at least 10% from a recent high. Long: You can’t watch the news without hearing “correction” these days, as we’re right in the middle of one. Why does 10% matter? Well, 10% is an arbitrary number. Why not 9%? Or 11%? We can all agree that being down 9.9% hurts as much as 10%. But the media latched on to this concept and ran with it. Nothing sells advertising like some good, ol’ fashioned panic! FOQ: How Often Do They Occur? Short: A lot. …