Re:Wall St Tumbles over 2%
by ceejayoz on Monday September 20, 2021 @03:16PM
(#28597615)
They describe different things. 10% down in a day would be a crash (and a correction). 10% down in a month or two is a correction, without the crash part. There's no formal definition of how fast something has to be to be considered a crash, but 2% ain't it.
[ Parent
| on HN ]
Personally I love to always call it a "crash" because it's very in-your-face to hedge funds because they think 2% is a lot of money to them.
While I'm sitting here rejoicing over the black friday sale on some great stock buys.