Typically, this is a time when bargain-hunting investors rejig portfolios, stocking up good scrips at low prices - little wonder, traders are swamped with "Flat 40 per cent: End of Season Sale on NSE & BSE" messages on Whatsapp doing the rounds.
The Dow climbed 330 points on Friday in another extremely turbulent day of trading.
While those past performance stats might not make investors feel any better as the Dow swings wildly on a daily basis, the data show stocks can go up at the same time rates are moving higher. If rates rise quickly, that argument becomes much less persuasive.
At 1436 GMT, the benchmark S&P 500 Index is trading 2608.24, up 27.24 or +1.06%.
The broader S&P 500 fell 3.8pc, also ranking as a correction.
Investors use these terms to describe the market as a whole, but individual stocks experience the same phenomena, and usually with much more volatility.
"I don't see any reason to think that we're setting a pattern for next week or the rest of the year", said Rob Stein, chief executive officer of Astor Investment Management in Chicago.
Healthcare stocks led declines, with Fisher & Paykel Healthcare Corp shedding about 2 per cent, closely followed by industrial stocks. "It is now up 187 points so we are back up today".
Wall Street is still nervously watching the bond market, where the trouble started last week.
In currency markets, the Canadian dollar closed at an average trading value of 79.31 cents USA, down 0.15 of a USA cent - continuing a sharp drop that has seen the loonie rocked by equity volatility and plunging commodity prices.
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The Nasdaq is down 28.90 points, or 0.4 percent.
Japan's Nikkei 225 index fell 2.3 percent, down 11.4 percent whilst the Dax in Germany fell by 1.25 percent.
The Dow plunged more than 1,100 points on Monday, in its biggest daily point decline ever, as a stronger-than-expected United States jobs report stoked fears that interest rates would be hiked quicker than previously anticipated.
Many are expecting more wild swings ahead as the CBOE Volatility index is holding at twice its level from a week ago.
Thursday's sell-off actually put the Dow and the S&P 500 Index into 10% correction territory.
Markets continue to fall during the Great Depression.
The recent turmoil in equities began last Friday, when the Dow fell 666 points after a better-than-expected jobs report ignited inflation fears. Early Friday, the 10-year Treasury was slightly higher at 2.86 percent.
The Nasdaq declined 366.45 points, or 5.1 percent.
It's natural to be nervous about putting money into the market during a big drop.
USA stocks began to wobble last Friday after a healthy US labor market report sparked a spike in bond yields and fears of rising inflation.
Few big companies emerged unscathed, with Dow giants Boeing and Caterpillar losing around five percent, around the same range as tech titans Amazon and Facebook. A 3 percent yield is looked upon by investors as a motive for people to flee the risk of stocks for the relative safety of bonds. In the UK.as at 12.30 on (9 February) the FTSE 100 was down 0.85 per cent, trading close to 7,100 points.