After enjoying record-breaking highs most of the year, the S&P 500 (SNPINDEX: ^GSPC) has taken a fairly significant tumble in recent days. The index is currently down by nearly 9% since its peak in mid-July, inching dangerously close to correction territory -- which is considered a fall of at least 10% from an index's high.

Many investors have been worried about a downturn for months now, and this recent dip has caused many to panic.

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Source Fool.com