"If the economy really dies, you could have a very severe correction."

He said that while the market "looks higher in the near term, selling pressures are building and we expect more severe corrections to be introduced in coming months."

And she lashed out at him with her magic, as she would at a disobedient brat that needed a severe correction.

But there were plenty of clues that homes were horribly over-valued and were due for a severe correction.

"If you run right up again after a severe correction, it encourages people to sell into the rally," she explained.

Columbus Day, like New Year's Eve, has gone through a severe correction.

Last summer, the stock market suffered its most severe correction in years, but that tells us nothing about what stocks will do this year.

This has been a severe and painful correction, but it's also appropriate.

Arthur Ross, chairman of the United Southold Party, said the major parties have produced "a very narrow-based crony government that needs severe correction."