BernankeStock Market Today: More Correction to Come

The stock market took a huge dive on Friday of over 2% and markets around the world followed suit. The sell-off is very discouraging to the massive bull run last year, and will act as an indicator for the rest of the year. This could be the start to a market breakdown.

S&P 500 futures already point to another sell-off next Monday. According to some technical indicators, the market is likely to sell-off at least another 2%. Next week the Federal Reserve is expected to announce it will continue withdrawing its economic stimulus. In addition to tapering, emerging markets are selling off over growing concerns about slower growth in China, and political problems in Turkey, Argentina, and Ukraine.

Overall, stocks are overextended, and a flight to safety will likely continue next week. Do you think this is the beginning to a correction?