They may be right.
I've seen the first genuine selling happening since the COVID plunge. The market looks heavy.
With our dollar printing Fed, who knows how long it will last, but with earnings coming in about 3 weeks the market may be nervous about earnings given all the negative economic data we've seen lately.
Hard correction? I agree, but how much of a hard correction is going to depend on a lot of things that the Biden administration does or world events; amnesty, asylum to refugees, corporate tax hikes, foreign oil, attack on our own soil (major infrastructure is my hunch), infringing on State's rights, rioting, Tawain, ME, N. Korea, Iran, etc ., etc . There isn't any positive news out there that I can see and with Biden's ratings and consumer confidence plummeting that doesn't exactly bode well for the market.