This article predicts that next week in the TSX will be a continued downward trend, and usually the TSX follows the same lines as the NYSE so I bet both will do the same thing.
Regardless of what people say, I'm sure insiders must know this is either the start of a crash/bear market or a temporary correction. At least they're not denying that the market has been hot and has climbed high and hard for more than 2 years and that things do have to slow down at some point.
But could this be like the correction in 2008 just before the big crash? I've always said something is wrong when metals like gold/silver are rising with equities since that shouldn't be happening. Although I'm new to the investment scene, I've read and seen enough to know that what's happened in recent months defies the norm.