Correction?

"The entire essence of America is the hope to first make money - then make money with money - then make lots of money with lots of money" - Paul Erdman. Hello! how about the risk?

Finally, a long overdue correction for the world's equity market. President Barack Obama is making the right decision in announcing a new plan to limit the bank's size in nipping the problem of "too big to fail" financial firms that might engage in reckless behaviour.

President Obama wants to limit the scope of risk-taking by barring banks with federally insured deposits from trading securities for their own accounts and from owning hedge funds and private equity funds.

I certainly hope that he can succeed in pushing through those reforms and curb the excessive bonuses paid to those greedy bankers that nearly cause the collapse of the global financial system.

How far will the market correct? 10 to 20 percent would be ideal which should offer traders like us more opportunities from the increase market volatility.