"the current level of pessimism due to a two-day S&P 500 decline of 2.96% is overblown.
The S&P 500 Index, while currently off 3.27% from all-time highs, is trading at a valuation that long-term investors should find very attractive."
http://seekingalpha.com/article/1968031-correction-fears-are-overblown-buy-the-dip?
