Exactly. If you're near retirement you shouldn't be market heavy anyway. If you have a while, its to your benefit for there to be a correctrion (which is all this is after 8+ years of free gambling money finally coming to an end and the spastic investment sharks not knowing how to react to it) because you'll be buying at a discount (or a more realistic price at least).

As for the "A fund" advocates this long overdue and easilly predictable correction would strain most defined benefit plans anyway, particularly top heavy "best FAE" ones.