You are absolutely right sharks this was to be expected as the...

You are absolutely right sharks this was to be expected as the market has to take a downturn every now and again. This correction was due but not to this extent...you have to remember the US market is still over 30% off of it's highs of October 07. The markets are still very much undervalued and shares are very cheap. Try to look at this as a positive in that it is an opportunity to purchase cheap shares. Even if this is not the bottom shares are still well below their true value.