Correction or crash?

After the rout yesterday at the NY Stock Exchange, it is natural to ask whether what we see is a correction (i.e. a 10% drop) or a Bear Market. A 10% correction would bring the DOW to 15,000, so that is the expected next sop for the Market, barring any counter rallies.\

The factors we need to consider are the following: 1. cash accumulation in the hands of large corporations, 2. a world-wide drop in stock prices and currencies and 3. the coming inauguration of Janet Yellen as the Head of the FED.

People are uncertain and the VIX index is rising. One prediction I have read is that the FED
will reverse and increase its QE to $100B/month by June.