However, I am pretty sure that we are at the very late stage

of the economy cycle that has been lasting for about 10 years. Unless capex continues to pick up across the board, I wouldn't buy at the correction. 

10% sounds a lot but it is not really compelling. The earning growth driven by the new tax cut pushed the market up in 2018 but the growth at the margin next year won't be nearly as strong as it was this year.