What is the difference between a market correction and a crash?
An example of an AI chatbot conversation about market corrections and crashes.
What is the difference between a market correction and a crash?
A market correction is a decline of 10% or more in a stock index, while a crash is a sudden, severe drop, often over 20%.
Can you explain why corrections happen?
Corrections often occur due to profit-taking, economic changes, or shifts in investor sentiment.
What are some historical examples of market crashes?
Notable crashes include the 1929 Great Depression crash, the 1987 Black Monday, and the 2008 financial crisis.
How can investors protect themselves during a market crash?
Investors can diversify their portfolios, maintain cash reserves, and consider defensive stocks to mitigate risks.
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