From Business Insider:Stock Market Correction Vocabulary - Business Insider
The table of definitions is particularly amusing (maybe not to those who are in the market).
Not a good start for the year; but this too shall pass. Some good/cool remarks from (Motley) fool.com:
"Don't panic over the recent market moves, because fundamentals are still strong. The U.S. economy is growing, earnings are increasing, and unemployment is slowly falling. Those factors will drive the market over the long term, and this sell-off will be a good buying opportunity for investors who can look past the short-term market volatility to find great values."