Every one of the major U.S. stock indices has sold off more than 10% in the last week. This will finally put an end to the, “But the market is due for a 10% correction” argument. I began trading in the S&P 500 pit in the early 1990’s. Therefore, it has been my experience that I can make more money on the long side of the equities, more often than I can hoping to catch the major downdraft. The S&P 500, the broadest and biggest of the indices knocked out a year’s worth of gains in three days. Now that we’ve gotten the drop, let’s see what we can buy.