Video: S&P 500 Is Far From a 10% Correction

Even with the more than 2% drop in the S&P 500 on Friday, the broad index is only down 3.9% from its high on January 26.

That's still a far cry from a full blown correction, defined as a 10% drop from a stock or index's most recent high.

TheStreet's Scott Gamm speaks with Ryan Payne, president of Payne Capital Management. 

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