What is a Crash?

The media loves to put markets into boxes, and to use simplistic terms to do so. Sure, a correction is short hand for a 10% decline, a crash or bear market is a 20% decline but don’t let simplistic definitions guide your process or emotions. Truth is these “scary things” are quite normal in some ways, and quite rare in others. Knowing how markets work “keeps you in the game” and as they say, “it’s time in the markets, not timing the markets that makes you money."