Matter of fact it's not that bad yet.
When I sold QQQ and SPY back in november I predicted a 10% correction, we are there off the highs.
I sold QQQ at $35 and we are only down to $32. I'll look to buy at around $30 or so. SPY I'm looking to buy at $105 or less.
Keep in mind when I bought the first time(back in 2002) I had shares of QQQ at $24 and shares of SPY at $86. So we really don't look that bad. On individual stocks some are down (especially ones that I recently purchased) but overall I'm holding okay.
Since I just sold my house I'm looking to put more in. Looking at QQQ,SPY, GLW, AV and some others.
Hold the faith, it' always goes down in the summer.