7 Things to Remember When the Next Stock Market Correction Strikes

As I sit here on my couch on Tuesday evening, Jan. 7, I'm reminded of the fact that the stock market can be a fickle creature in the short term.

Following reports of a missile attack from Iran on an Iraqi airbase that houses American troops, all three major U.S. indexes are "plunging," according to a variety of major news outlets. In fact, I counted four separate news sources that referred to the more than 300-point downward move in the futures of the 123-year-old Dow Jones Industrial Average (DJINDICES: ^DJI) as a "plunge."

However, rarely do the actual moves in major U.S. stock indexes match the imagery expressed in news outlet headlines. With the market reminding investors that it can move in both directions, perhaps now is a good time to brush up on the seven things you should know when the next stock market correction strikes.

Source Fool.com