Disclaimer, I’m just a concerned observer, not an expert. I think the market was overpriced, and traders were looking for an excuse to pull back. It looks like it’s going to be a bumpy ride down a bit, then it will level off. If the economy remains strong, and the msm doesn’t scare the bejabbers out of consumers, the market will regain momentum.
That’s my 2 cents.
And I believe the market had just returned to the mean after recovering from 2008.