It's Not That Easy

Reading the news over the weekend, mostly about stocks.  And the general belief is that we've gone too high without a correction, and the market needs a breather.  A pullback would be "healthy".  That is another way of saying that the pundits have reduced positions and are hoping for a pullback to get longer! 

Most of the pundits say a 5-7% correction would be healthy, down to about 1220-1230 on the S&P.  The VIX shot up too much last week for such a meager selloff.  It tells me traders are more nervous than the surveys say.  I don't think the correction will come now or from these levels.