Small Cap Value Report (21 Aug 2015) - Indices, SRT, TECH, WSG

Good morning!US markets - buying the dip?Things are getting very interesting. I was following the US market last night, and there was a real sense of fear, and unrelenting selling, resulting in the Dow dropping 358 points, the Samp;P 500 down a similar percentage (-2.1%), and NASDAQ worst, down -2.83%. Those are big drops for such large indices. Necessary correction, or the start of a bear market? No idea, but I want to be prepared for either.Incidentally, just to point out to a CNBC commentator last night who said he's been a market professional for 35 years, the singular of "indices" is "index", not "indice". I stopped listening to him after that. If people don't get the basics right, are they going to be any good on more complex things?Apparently 125 of the Samp;P 500 stocks are now in a bear market (down 20%), according to another commentator, which is a bit scary. Although to my mind, the US market is the most obviously over-valued market, so it needs a correction to bring valuations down to more sensible levels. Also I bet a lot of those are resources stocks.I'm starting to worry, so am feeling less sanguine about markets overall than I was...