I would not say that just solely based off the 3% correction that we saw today that anything major is coming our way, considering that in the last 6 months the index has still been on the upside.
But to me, there definitely will be a bear market within the stock market coming our way very soon. That's something that's only a matter of time after 10 years of consecutive growth as well as overbought shares, in my opinion. But obviously, you don't know when it's going to come.
All we can do right now is prepare and hedge against a potential stock market crash, which could have some pretty deep consequences. Holding some bitcoin which is independent of any of this could be a smart decision to make.
It was one of the highest bull runs of our century so it was not a weird thing that eventually it went down, everything that goes up eventually goes down in stocks, the good part is when it goes up 10 it goes back down 5 so if you are a long term investor today is an amazing day.
If you purchase stocks at these prices than you will be making a killing with the future profits when the price goes back up to proper levels. The trick is being a long term holder without being too worried about the price drops, just like in bitcoin, if you purchased bitcoin just a year ago than you would be in profit today yet people keep talking about bear market.