I think it's still a long-term bull market and corrections ought to have been bought. Yesterday I put out a very strong recommendation to be a buyer of equities on this weakness with focus on...Europe, focusing on France, Germany.
I'm far more impressed by what is going on in Europe, with the continuation of the weak currency which is supportive of stronger stock prices -- at least for the moment. So my focus is over there and not over here (in the U.S.).
In those markets [Japan and Europe], every high has been higher, every low has been higher and they are indeed bull markets. It's abundantly clear.