The U.S. manufacturing data declined the most in 33 years and that weak number combined with auto sales to drive down stocks. Ford and General Motors sales both dropped, blaming the poor weather for the lack of customers. Jon Corpina of Meridian Equity Partners expects that the market will continue to move in a choppy fashion, but he doesn't think this is the correction that many traders hoped for. He hasn't seen any capitulation or nervousness. To him the selling has been orderly.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Some of Trump's NFL Owner Friends Side With Players in Dispute With President

Domino's Pizza CEO: In 10 Years,Self-Driving Cars Will Deliver Pizza

Domino's Pizza CEO Thinks Self Driving Cars Will Deliver Pizza in 10 Years

CEOs Are Dropping Like Flies