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LSDefine

Simple English definitions for legal terms

market correction

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A quick definition of market correction:

Market Correction: A term used to describe a situation where the stock market experiences a temporary decline in value after a period of growth. This is also known as a down reversal. Market correction is a normal part of the stock market cycle and can happen for various reasons, such as economic factors or investor behavior. It is important to remember that market corrections are temporary and the market usually recovers over time.

A more thorough explanation:

A market correction is a term used to describe a sudden drop in the value of a financial market or a particular security. It is a temporary reversal of an upward trend in the market, usually caused by a significant event or news that affects investor sentiment.

During the COVID-19 pandemic, the stock market experienced a market correction in March 2020. The Dow Jones Industrial Average dropped by more than 20% in just a few weeks, as investors panicked about the economic impact of the virus. This correction was short-lived, and the market eventually recovered.

Another example of a market correction is the dot-com bubble burst in the early 2000s. Many technology companies saw their stock prices skyrocket, but eventually, the market corrected itself, and many of these companies went bankrupt.

These examples illustrate how market corrections can be sudden and unpredictable, but they are a natural part of the market cycle. Investors should be prepared for market corrections and have a long-term investment strategy in place to weather these fluctuations.

market-comparison approach | marketing

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11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
1a2b3c4d26z
11:36
I was risky in maybe one or two of my essays in that some parts read as slightly humorous, but I really tried to suss out the vibe for each school. I feel like Berk and UMich may be more accommodating of a more "out there" approach than other schools I applied to
1a2b3c4d26z
11:37
but that's literally just going off vibes
it looks like Berk vid is in response to a known prompt. My thinking is it may be a counter to AI by getting people to have to respond to what is essentially an essay prompt but on video
"I think really it’s more the USNWR change that emphasizes employment outcomes in school rankings. Schools want to admit people who have the skills to be more likely to land great jobs even more than before, and being a good interviewer is a very important for that. They want to see you have the soft skills." from a reddit comment
1a2b3c4d26z
11:38
One funny thing when talking to lawyers at work is that they will always say how they wish more law schools had interviews to make sure you can like... talk to people and form sentences
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