Short answer is yes. Correction was modest (about 7% for the S&P, a little more for the small caps). For all the permabears: sorry about your luck, bear market has been postponed once again – try again next year. Markets look like they will rally into January, with big caps outperforming until late in the year. My trading strategy is simple: hold uptrending big cap US stocks until mid-December, then switch to Santa trading. US small caps have been underperforming all year, so there should be a good opportunity this year.