investment analyst

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images
Stock market corrections are common
First, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common. There have been 27 market corrections since November 1974, including last week’s market move, according to Mark Riepe, head of the Schwab Center for Financial Research. That amounts to roughly one every two years or so, on average. Most of them haven’t cascaded into something more sinister. Just six of those corrections became