From Cynthis Scott of OMC Financial Services:

Is there any way to predict a correction in the market?

**Not entirely, but there is an indicator known as the VIX

**The VIX is the Volatility Index and measures how bearish or bullish traders and investors feel about the economy and the market

**When it is low traders and investors feel good about everything

**When it is high traders and investors feel everything is horrible

**At the beginning of the year until August it traded at between 15 to 17

**On Friday it closed at 42.96

**The VIX is the opposite of how you think about a stock; investors want a stock to increase in value, but a high price for the VIX is a negative

**When the VIX’s price is low for a long time it indicates that people are too  bullish and probably there will be a correction; when its price is high for any length of time it is usually the time to invest because people are  too bearish