The recent market “correction.” Technically we have a correction but I’d rather we call it a misunderstanding or a clear ignorance of the facts. I’m reminded of the phrase from the 1967 film, Cool Hand Luke – said in a southern drawl – “What we got here is a failure to communicate.”
This “event” does not surprise anyone in my industry. It was inevitable that there was to be a “correction,” and quite honestly it is healthy for the markets.
