Just like rumors of a bailout for Ambac (ABK) seem to be never ending, the current correction in the stock market seems like it has been going on forever (since the maximum decline in the S&P 500 is still under 20%, it is still officially a correction). Below we highlight all S&P 500 corrections of 10% or more from 1927 to present. Each point on the scatter chart below represents the decline of the correction along with the number of days it lasted. Compared to historical corrections of 10% or more, while the current period has been longer than average, the declines have so far been milder.
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