Opinion: Nasdaq near a 10% correction isn’t the sell signal you probably think it is

There’s nothing magical about a stock index hitting the 10% decline that constitutes what Wall Street considers to be a correction. So we need to stop treating this 10% mark as meaningful. It isn’t.

The odds that stocks will rise are no different after a 10% decline than they are before. This is important to keep in mind now that the Nasdaq Composite Index
COMP,
-2.51%

is losing ground quickly, down 2.5% on Jan. 13 alone and off 7.8% from…

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