Apparently with today's action the FED 2012 guaranty holds. Every correction since then has been a short with a quick rebound to old highs.
It is the pause that refreshes

The first thing to look for in a correction is Equities being in an Over Bought condition. When it reaches Over Sold here come the Traders..ready to make money on the rebound. The FED activism gives them that confidence.That is the pattern.

As stated what is making the bleating flock on Wall Street nervous today.

Does an aggressive FED raising interest rates signify a change in the tenor of FED activism? One that is not sensitive or is tone deaf to the economy. Secondly the uncertainty over the election and the future tenor of politics to business. Trade Wars and the future impact on profits..with a slowing economy. Wall Street has gotten a sense of T's negotiating tactics and are somewhat sanguine about them. In other words don't get too upset about the rhetoric.