The stock market is officially in a correction… here’s what usually happens next

  • “The average bull market ‘correction’ is 13 percent over four months and takes just four months to recover,” Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer said in a Jan. 29 report.
  • But the pain lasts for 22 months on average if the S&P falls at least 20 percent from its record high — past 2,298 — into bear market territory, the report said. The average decline is 30 percent for bear markets.
  • The last week of stock market drops has taken the S&P 500 into correction territory for the first time in two years. Read more…