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The Correction is Nigh: Strategist

Wednesday, 24 Feb 2010 | 4:00 AM ET

A correction is "clearly on its way" and it is due to the "economic time" not being "as good as people think and that's what is going to weigh on the markets," Enzio von Pfeil from EconomicClock.com said Wednesday. He likes "the stuff that just doesn't go down or up," such as utilities, consumer staples, health care and pharmaceuticals.