The reality is, a five or ten percent correction for an individual stock, or the broader market, is as normal as the changing seasons.

FORBES: How Not To Be An Emotional Investor

Reciprocally, bears have no case for a 10 percent correction.

FORBES: Catch The Bus For 1650 Market Street

However, as Ken Hersh the CEO of NGP Energy Capital suggests, the market is in the process of realigning, as there has been a twenty percent correction in rig count (with more to go), which will tighten supply figures over the next 18-24 months.

FORBES: Keeping My Head - It Can Be a Lonely Sport

After correction, the 90 percent threshold had disappeared.

FORBES: Narrow focus on debt and deficits distracts us from the primary problems

Brazil is also seeing a big correction in its growth forecast, now down 0.6 basis points to just 2.5 percent in 2012 and growing to 4.6 percent in 2013.

FORBES: IMF Says World Economy Getting Worse