I believe the market will dip because I do not believe the increase in the interest rates of nearly 1% fom3-6 months ago has been appropriately priced into the market. Dividend/blue chip stocks have been trading at a premieum as a result of the low interest rates. But earnings don't really justify the premieums and now with premieums on par with most of these blue chips returns, there is profit taking that has not been had that I believe is on its way.
Secondly, I do not buy into the oil goes up because of DEMAND and therefore it is a sign of a recovering economy/getting strong economy. I believe it is a bubble made by those managing money looking anywhere for a return. It hurts the economy at a time when I don't believe it can afford it and it will hurt a lot of companies trading at premeiums.
It remains to be seen. But pays to have cash ready as I see some bargains on the way aside from Deckers.