While a market correction or crash may seem like a terrible thing to happen as I watch the value of my portfolio drop, the reality is quite the opposite. Will it be pushed hundreds or thousands of points lower, or will a bullish reversal cause the index to skyrocket? Well, either way is possible.
However, the secret is that it does not really matter. From a long-term perspective, I really don't care what the market does, and neither should you.
As an investor, I love it when stocks prices drop as it is the best time to buy quality companies at a discount. Warren Buffett said that investors should buy a stock because they want to own the business, not because they want the price to go up. Just my two cents worth.