The commodity market in Nepal crashed, but the market analysts and exchange owners did not call it a crash though many people lost a lot of money. They called it a ‘correction’. A business journalist asked one of the commodity exchange CEOs in a press conference, “How can you say whether it is a correction or a crash?” She did not get a satisfactory answer.
Here is a simple way to explain this: Suppose a bus had a crash and three passengers died on the spot. You can say:” The bus had a correction as the three men were on the way to heaven?”
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