For three participants, the improvement was enough to move them up one category, such as from severe to moderate loss of smell or from moderate to mild. (sciencedaily.com)
In other words, while many asset classes experienced moderate losses in 2015, those losses tended to be concentrated among certain names and in certain sectors and industries. (blackrockblog.com)
Keep in mind that the typical bear market loss averages about 30 %, but even moderate losses can do a lot of damage to long - term compound returns. (hussmanfunds.com)