Stock Market Corrections

This from Chart of the Day.  I will have more to say about some of the data in this chart in a post I will publish sometime next week. 

"The stock market remains highly volatile and currently trades significantly lower than where it did three short weeks ago -- investors are concerned. For some perspective on the current correction, today's chart illustrates all major stock market corrections (15% loss or greater) of the last 111 years. Each dot represents a major correction as measured by the Dow. For example, the bear market that began in 1973 lasted 481 trading days and ended after the Dow declined 45%. There are a few items of interest... Since 1900, the Dow has undergone a major correction 26 times or one major correction every 4.3 years. Second, most major corrections since 1900 (62%) have resulted in a drop of less than 40% while lasting less than 400 trading days. Since 1950, the percentage of major market corrections that were less than 40% and 400 trading days increased to 78%. As it stands right now, the current stock market correction (April 2011 peak to most recent low) would measure below average in both magnitude and duration."

*Long ETFs related to the Dow Jones Industrial Averages in certain client accounts.

Link:  Stock Market Corrections.