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A comment on Nasdaq plummets 4% into correction territory. Parent comment

Re:Nasdaq plummets 4% into correction territory by mywittyname on Thursday November 05, 2026 @01:41PM (#50382754)
It's funny: for all the "pattern recognition" people try to apply to markets, they often miss the very basic ones. "Record highs" are incredibly common, and "corrections" also happen regularly.

June had two similar NASDAQ corrections, July had one as well. Sept was flat, but October was a straight downward trend. On the flip side, April to June was a constantly increasing.

The last time the NASDAQ was this low was all the way back in April 2026...

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Re:Nasdaq plummets 4% into correction territory by woah on Thursday November 05, 2026 @03:03PM (#50383730)
By definition it is either at a record high or in a correction, especially with inflation
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Re:Nasdaq plummets 4% into correction territory by abirch on Thursday November 05, 2026 @03:41PM (#50384210)
I get what you're saying, however, a correction is technically a 10% drawdown from a recent high: https://www.schwab.com/learn/story/market-correction-what-do... so you can be neither in a correction nor at an all-time high. You can be down 0.01% to 9.99%
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