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.
This is really how the stock market works. It can not sustain a bull market for 10 years, there is no time in the world where everything went good forever, there needs to be falls in order to have ups, there needs to be dark to see the light. Without one you can't have the other. Without stock market going down once in a while you can't have bull market to make you money.
The markets react to stuff, you can't stop that ever and when it reacts it makes investors pull their money back and causes stock brokers to sell those stocks to get the money to pay off investors all in a chain reaction causing stock market to crash. After the dust is settled, people go back to investing as usual and than just continue with their lives getting paid from investments as usual.