Tony Robbins on stock market corrections (2018)

When we hear about the possibility of a correction or a crash or a crisis, it’s easy to become anxious because it sounds like the sky is about to fall. And we’re in our ninth year so there’s going to be a correction. But corrections are just a routine part of owning stocks. Instead of living in fear of them, accept them as regular occurrences.

Historically, the average correction has lasted only 54 days—less than two months! Most corrections are over before you know it, and they’re relatively painless. In fact, less than 20% of all corrections turn into a bear market. When the market starts tumbling, people let their fear take over and begin to sell. But the biggest danger isn’t a correction or a bear market, it’s being out of the market. When the next crash comes, it truly is an opportunity for investors to leapfrog from where they are to wherever they want to be financially.

~ Tony Robbins, "Tony Robbins talks about facts, fear and the bull market," MarketWatch.com, October 2, 2018