Calling market dip's a correction?

in #investing7 years ago

Is a market dip really a correction?

When the market goes down
It truly should not be called a correction.

The definition of Correction means

  • a change that rectifies an error or inaccuracy.
    This being so would imply that when the market goes up that it was wrong.
    Are we wrong for making a profit?

Perhaps when the market goes up we really should begin to call it a correction being that this is what most of us are wanting as a result.

Perhaps calling a dip a pull back is more appropriate?

Robert Berman