Not Entering Bear Market, but Correction Overdue: Sargen

Nick Sargent discusses market trends, predicting a correction rather than a bear market. He highlights global economic concerns, particularly in Europe and Japan, but downplays the impact of a strong dollar on the US economy. Falling oil prices are seen as beneficial for consumers but indicative of global economic issues. Sargent believes in self-correcting economic forces, such as increased consumer spending and lower interest rates, which could stabilize the economy.

What are the potential effects of falling oil prices according to the speaker?

What factors does the speaker believe should be considered in the economic equation?