But when you're down 10 or 12 percent from recent highs, we can

"We had the earthquake, we're now in the midst of getting the aftershocks," said Steven Goldman, chief market strategist for Weeden & Co. in Greenwich, Conn. "When the market's so close to new highs, it's difficult to have rallies. But when you're down 10 or 12 percent from recent highs, we can deal with uncertainty better."