On March 14, the US stock market fell into the correction range in just 16 trading days. CFRA's data shows that in the previous 24 cases where the stock market fell at least 10% from the record high but avoided entering a bear market, it took an average of 8 months to return to the historical high. This may mean that the high point of February 19 will be maintained until mid-October. In these cases, the average decline was 14%. Of course, no two corrections are the same, and there is no guarantee that this correction will not extend to a bear market.

Leuthold Group LLC Chief Investment Officer Ramsey believes that even if there is a short-term rebound, the market's pain may have just begun, as more affluent Americans may curb their spending, and this sharp decline may hinder economic growth.

Baird Private Wealth Management strategist Ross Mayfield said, "The duration and depth of any sell-off is closely related to the question of whether an economic downturn or recession is imminent." "If the economic weakness is contained, or if the federal government/Federal Reserve implements policies to prevent the market from free-falling, then a 10-15% sell-off will rebound quickly."