When Stocks Fell 10%....

As of the market's close yesterday the S&P 500 was down 9.4%. Not quite a 10% correction but it's a stone's throw away. The question all investors would like to know is how much further this downturn has to go. The answer is I don't know and neither does anyone else. But we can look back historically to see how many corrections turned into bear markets or crashes to get a better sense of the potential range of outcomes.