Market is in Correction - How Long to Recover?

Today, the Dow and S&P crossed into correction territory of a greater than 10% drop from the high.  Is this a great buy the dip opportunity or not?   It depends on whether the correction becomes a bear market, a drop of 20% or more.

According to this CNBC article,  since WWII, corrections last an average of 4 months and take 4 months to reach a new high.  Bear markets last an average of 13 months and take 22 months to reach a new high.   The average correction falls 13%  and the average bear market falls 30%. 

At this point, the market is 1 week into a correction.  We'll see what tomorrow brings.

For more on Crossing Generations, check back Thursdays for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

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