Keith W. Springer, president of Capital Financial Advisory Services, noted that market watchers had been saying for months that a pullback has been necessary, but now that the rally in stocks has come to a pause for several weeks, it has been met with increased fear and concern.
"Every time you have a market run-up everybody goes, 'We need a 10% correction,' and as soon as the market drops 5%, you have everybody crying," Mr. Springer said.
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