As most know, Buffett loves a choppy/down market, he has made his fortune by buying during market uneasiness and then holding for the long term. Don't be the one selling into a dropping market(if in fact it does make a larger correction).
In all likelihood, the recent retraction might have been the low and we take another leg up. Most S&P companies are reporting good earnings and revenues. All is not doom and gloom. Short-sellers love to paint that picture.
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