From Total Wealth:
Most investors throw the word “crash” around like candy, without bothering to understand what it really means. Not surprisingly, they get caught up in the moment and make a slew of bad decisions as a result.
A true market crash is something you don’t need to spend a lot of time on because there will be nothing you can do about it. I don’t want to make light of the situation, but I want to put the term in perspective.