The Dow closed at 7,920.18 down 137.63 (1.71%), S&P 500 at 841.50 down 17.23 (2.01%). Nasdaq at 1625.72 down 27.59 (1.67%). I would expect to see a short-term correction of between 3-5% over the week. The Dow could drop to between 7,500-7600 and the S&P 500 to between 790-800. If these levels hold then we have a chance to move to above 9,000 on the Dow and 1,000 on the S&P 500 over the next couple of months.