August 22, 2015 Dear Investor: Markets have made another special update necessary. Losses have increased, with the Dow down over 10% from its high of 18,351. This counts as an official “correction” but the distinction is arbitrary–and the word is just a euphemism for a big decline. Many international markets are down 20% or more from their highs, which actually put them in bear markets—again by official (and unimportant) definition. It...