"Correction" implies that once it's finished being corrected, it will be right.  That outcome is highly unlikely.  The only thing that happens during these "corrections"  is a lot of small investors and homeowners lose their shirts and their homes while the hedge fund managers short the market and make a killing and the TBTF Banks get bailed out by da goobermint.  Then everybody goes right back to doing exactly the same thing, because that's how bankers make money.  Getting people to take out the biggest loans possible and run up their debt so that every last penny gets hoovered up in interest payments is the system in need of correction, nobody is making any effort to correct that, and nobody who is the beneficiary of this legalized theft ever will.

However, this latest doomsday prediction does imply the "correction" will be even bigger than the sub-prime fiasco and financial crisis of 2007-8, which if true means we're in for some really lively days ahead in the world of collapse watching.  The 2008 GFC came whisper thin close to completely wiping out the monetary system, and only some truly creative fraud concocted by the Smartest Guys in the Room has kept the system afloat for the last 15 years.  Given that overall global finances are in far worse shape today than they were in 2008 and the political balance between the FSoA, China and Russia is more precarious than ever, a wild roller coaster ride on the currency markets and potential Sovereign Defaults may finally be the Tipping Point we have been expecting in the Collapse Watchers International Association (CWIA) since it failed to arrive on 12-21-2012 as predicted by the Mayan calendar.  ;D

It probably doesn't bode well for my getting out of the Gulag here and into an apartment too soon, but hopefully I'll keep my current roof over my head as the dominos begin to fall.

https://www.foxbusiness.com/real-estate/real-estate-investor-warns-us-entering-greatest-correction-lifetime

Real estate investor warns US is entering the 'greatest' correction of his lifetime

RE