As commodities suffer a pretty substantial correction, the inflation debate has moved into new territory.

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The principal source of the slowdown in economic growth that began last spring has been the substantial correction in the housing market.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

Top executives at PIMCO have been calling for a substantial correction in bond markets for the last couple of months, with Bill Gross and Mohamed El-Erian taking the lead.

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If Big Tobacco has a substantial price correction, then I might be interested again.

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Therefore, we feel that the market has unfairly punished ICON and over the next couple of months as the volatility begins to subside and correlations revert to mean, there will be a substantial upside correction for ICON.

FORBES: William and Mary's Iconic Stock Pitch

Is a substantial stock market correction looming?

FORBES: Uncanny 16 Month Stock Cycle Points To Major Decline

So my forecast for 2011 is an correction early in the year, a temporary recovery, then a more significant correction, followed by a substantial rally off the low to produce a positive year.

FORBES: Take Some Profits, Hold Some Cash, Buy With Both Hands Later On