A correction, yes, but I don't think we're looking at new lows from last year.

I expect a correction, too. It will come with the Fed for sure. He just won't let up until he's happy with inflation and, more importantly, core inflation isn't falling that fast, watch out. I've even heard cries from earlier in the year that the Fed could cut as early as this year, I'm no expert, only a year into the market, but I'd give a lot of credit that it definitely won't happen this year. Thus I also don't see the kind of growth I have seen all year.

At the very least, there will be a stagnation until the price gets back to a fair value, but I think that is very unlikely - it is more likely to be a correction.

For me, the correction is inevitable, and the size of it depends on whether we're already in a real bull run or not... and I think that's awfully hard to determine conclusively :)