We are not quite at the end of the current equity market correction. The next few months may be volatile or downright violent. But I'd start buying into any downturn in US and European stocks right now - particularly in traditional economy sectors where smart management can apply cyber-magic to the benefit of shareholders.
Now that the Bank of Japan has ended its zero interest-rate policy, the European Central Bank, the Bank of England and the central bankers of Australia, Canada and New Zealand will increase rates some more. The markets won't like that. So it may feel like a bear market. But it won't be one.
Tragedy may strut and fret its hour upon the stage, but behind the scenes the global economy will be settling down to a true Goldilocks scenario, with Japan and Europe taking over the running from the US.