FA Center: Tony Robbins on stock market corrections: Get used to them

When the market starts tumbling as is now — especially when it’s down more than 10%—many people hit their pain threshold and start to sell they’re scared that this drop could turn into a death spiral. Aren’t they just being sensible and prudent? Actually, not so much. It turns out that fewer than one in five corrections escalate to the point where they become a bear market.

To put it another way, 80% of corrections don’t turn into bear markets. If you panic and move into cash during a correction, you may well be doing so right before the market rebounds.

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