Pausing Today Would be Considered Normal
The market is now overbought and due for a pause. Yesterday saw panic buying from hedge funds as they were buying high beta stocks getting back into the same companies they sold last month for little to no reason. These people move in herds and we saw the exact same herding affect in August 2007 and again in 2010. As original as these guys claim to be, they really move in many of the same theme and stocks. Pausing today would be considered normal.