Yes, it will rise 30% more, then correct 10, A lot of dumb money still sitting on side line whatching it eroding by negative interest rate. When Europe and Japan are printing money, It is hard press not to boost equity value. DOW is only 16 times P/Ewith rising E. Forward P/E is probably 12.
When the P/E of big banks is at 10 with rising profit, the bull market has a long way to go. Market correct when stocks are over valued. But it is not the case across the board, value still exists. BAC has already cleared the book. Moving forward, it will rise above to 2 times book value. In a word, if you miss out this bull market, you will not be able buy big banks that cheap. It is a global franchise built over many years. The profit margin is still very very heavy with more profits with rising rate. .
IBM always has a seasonal weakness in Jul for the last 5 years. I do not think correct is applicable for the general market but may be applicable to IBM. IBM will correct at least 10%. It's over price now with negative sales trend.