The speed of the latest sell-off could indicate a quicker than usual rebound. (AP Photo/Richard Drew)
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Faith in the economy is reason to think this current stock market correction is unlikely to deepen into a full-blown bear market. That is the read of stock market strategists and other market watchers looking at past pullbacks of at least 10 percent on the S&P 500 SPX and whether the benchmark index is likely to extend its decline to 20 percent, or bear market territory.The S&P confirmed it had entered correction territory last Thursday, when it closed down 10.2 percent from its Jan. 26 high. Goldman Sachs tallied 11 pullbacks of at least 10 percent since 1976 that did not occur around a recession.CFRA Research looked at 21 corrections that did not result in bear markets in the past 70 years.In the 11 non-recession corrections since 1976, the S&P 500 typically declined by 15 percent, according to Goldman Sachs.
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