Stock market pullbacks and corrections

After months of levitation, markets are down some eight percent from all-time highs, triggering fears of a pullback or so-called correction – a 10 percent drop from the prior market peak

S&P 500 index

Jan 26, 2018: All-time high of 2,872.87
Feb 5: Low of 2,638.17 Decline of -8.2%

3,000
2,500
2,000
1,500 
1,000 
500    2008  09  10  11 12 13 14 15 16 17 18


Market pullback – 5% decline 
Correction – 10% decline
Bear market – 20%-plus downturn

Financial crisis
FALL -56.8%
-16.0%
-19.4% 
-9.8%
-9.9%
-7.7% 
-5.8%
-5.8%
-6.9%
-12.4% 
-13.3% 

Sources: Yahoo Finance, Yardeni Research, Inc.       © GRAPHIC NEWS