"Look, we just had the longest and most stable bull run in history. The market is up 8000 in the past year and this "correction" is only about a 1/4 of that once-in-a-lifetime run. 2000 pts is NOT a correction. There is over-valuation and it's OK for rates to go up where they should naturally be. This is a return normalcy and that is a good and healthy thing. Relax man."


We had an 8 year Bull run due to artificially low almost "zero" interest rates since 2008, and 86 billion dollars of newly printed money pumped into the banks every month up until about 1 year ago. Half of that 86 billion each month was to purchase home mortgages in default and then to keep abandoned homes out of the inventory, off the market so the home prices could be artificially propped up. Now all of this can kicking is coming back to bite us in the ass and is going to blow up big time. Nothing got fixed since 08 and the problems just got compounded, bubbles got way bigger and so did the consequences, but some people got allot richer. Now it's time for "the great wealth transfer", as much wealth as possible was sucked into the markets, (as there was no other place to put your money and get a reasonable rate of return, or necessary rate of return as it relates to the pension systems), now it's time for that wealth to change hands.