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Department of correctionsMany investors suffered a wave of bad news, as the long-awaited correction in China sparking widespread panic around the world, with one CBoT trader tastefully comparing the transient horror of an 8% decline in stock markets with the actual horror of 11 September 2001 to Chicago's Sun Times. Incidentally, am I the only one who finds the term 'correction' to be euphemistically amusing in this context? Perhaps we should start talking about Ayrton Senna's fatal car correction or the way that every time I start speaking to a young lady nowadays I seem to end up correcting and burning. Still, it wasn't bad news for everybody: with prices in freefall on 27 February, markets closed to the sight of various exchange executives quietly walking off into the evening clutching huge bags of cash and doing that pseudo-innocent...