The Chart of the Day detailed prior stock market corrections going back to 1900 for the Dow Jones Industrial Average. Corrections are defined as those that decline more than 15%. As the below chart notes, this correction is the fourth worst correction since 1900; however the length or duration of the correction is below the average of prior corrections.
Source: Chart of the Day
- Since 1900, the Dow has undergone a major correction 26 times or one major correction every 4.2 years.
- Of the 26 major stock market correction since 1900, the current stock market correction currently ranks as the fourth largest in magnitude (only the corrections beginning in 1906, 1929, and 1937 were greater) and is the most severe stock market correction of the post-World War II era.