IS THIS A MARKET CORRECTION?

With the dismal performance of the stock market of late, some might be wondering if we're facing a market correction or could it just be a bad month, since October has historically been a poor month for stocks?  I'm not quite ready to call it a full blown correction, although I wouldn't be surprised if it was.  I've thought the market was overpriced for some time now.  So what's a person to do?  It's been almost painful watching stock price gains from the past year or so evaporate.  

I don't know what anyone else is doing and I don't pretend to have all the answers to the world's economic woes.  However, I'm a firm believer that anytime you're in the building phase of your investment portfolio, a significant drop in stock prices presents a marvelous buying opportunity.  So I'm planning on adding to my positions as much as possible while stock prices are down.  Not only will I be better positioned to gain from a recovery, but I'll also be buying in at lower prices and higher dividend yields, increasing my overall monthly earnings at a much faster rate than I would have been able to otherwise.

To be honest, I'm pretty excited.  If you want to make money in stocks, you buy low and sell high, which almost no one ever does.  Instead they tend to jump ship when the going gets tough and avoid the market all together until recovery is well under way.  Then they buy back in at higher than necessary prices and repeat the process all over.  Since I invest for dividends and income and have been through a lot of market ups and downs, I don't sell when the market falls.  I may go on hold, simply reinvesting dividends or if the drop is significant, I go bargain shopping for stocks.