Even though I’m invested heavily in the stock market, deep down I’m rooting for a massive correction as we’re experiencing now. The reason is because the stock market is apparently the only language that the President, his economic team, and the rest of the government understand.

If people are unemployed, can’t pay their mortgages, can’t afford healthcare, nobody cares. Heaven forbid the US government should run a deficit or reign in corporate fraud in order to help its citizens. But, woe onto us if the stock market drops a few thousand points. Suddenly, we’re in crisis mode and the sky is falling.

So perhaps the best thing that can happen for the country now, and the stock market in the long-term, is a massive correction. That should shake the President/Government up a bit, and perhaps jolt him to begin action on truly reforming the “real” economy, instead of sending trillions to the fake economy on Wall Street. Forcing banks to restructure debt on deeply flawed residential housing loans would be a good start. Ultimately, if the real economy is on solid ground, the stock market will be able to make progress on a sustained basis.