From my perch a corrective move lower was a question of when, not if. After months of built up complacency, we are finally starting to see some fear and panic. That fear and panic is helping to sew the seeds of a healthier market. We had a straight up 70% move so there is a lot of built up complacency and this purging can last a while . Once the decline is out of the way, investing will be less risky and there will be more opportunities.
I am short puts in stocks I would not mind owning and am leaving plenty of dry powder as I expect to be able to buy at lower prices. Have a good night.