: Distinct S&P 500 sell-offs, 1957-2014 From high of: 5% Dips 10% Corrections 15% Swoons 20% Bears 25%+ Crash Source S&P, Dana* Beni MI time Deutsche Bank Secutilies Inc. 3yr high lyr high 6mos high iFtgure 16! Duration and magnitude of 5-91% sell-offs Size of Sell-Off Count Avg Sell-off Avg Duration (Ms) 10%