Correction or bear market?

(FILES) In this file photo taken on September 25, 2017 a now hiring sign is posted in front of a Target store in San Rafael, California.New claims for US unemployment benefits dropped last week, remaining near their lowest level in 45 years as employers struggle to fill open positions, according to government data released on February 22, 2018. Though the weekly figures are volatile, the data is consistent with reports from the Federal Reserve and business groups indicating the supply of available workers is drying up as the unemployment rate reaches historic lows. / AFP PHOTO / GETTY IMAGES NORTH AMERICA / JUSTIN SULLIVAN

Fisher MarketMinder says strong new orders in the US are positive for a continued bullish performance

WHEN the Dow Jones and S&P 500 corrected sharply after falling by some 10.2% over two weeks, many pointed out that this was a correction instead of a bear market.