Forever amen! Has this trouncing really had anything to do with the possibility of perhaps a 0.25% rise in rates?
Sure the USD strength has played quite a major role, but that was probably more triggered by events in Europe such as their massive QE program than the US maybe, one day in the never never raising rates.

Looks to me like a good sell zone on the DOW here. Just back to where the last major correction was in October.
Unless I see oil particularly WTI have a sustainable bounce then the worst is still yet to come in my view.
I fully expect to see a debt crisis triggered by the loans & exposure to the North American shale oil production.
The WTI forward curve is still giving them about $7 i.e. $45 on the 12 month, but do you lock that in?
Probably still not high enough to make money.