I think were are halfway through a 15% correction that started in late October. I think we'll see the DOW bottom close to 11,517 before the middle of January *IF* the Fiscal Cliff/Norm/Sam/Woody is averted.
I know I'm just another Joe Schmo without an MBA on TMF spouting off. But I like to think I am close to correct about this. If I'm wrong I'm not out anything. And if I am correct I get to toast myself and feel smug for half a day.