"I'm not saying go short, I'm just saying don't be too fricking long right now," David Tepper, head of Appaloosa Management, said at SkyBridge Capital's SALT 2014 conference in Las Vegas last week.
Concerned about a deflationary environment, weaker-than-expected U.S. growth and the European Central Bank's monetary policy, Tepper's bearish call has been echoed by other experts, including chart guru Ralph Acampora, director of technical research at Altaira.
Read MoreI have 'sick feeling' 25% crash is ahead:Acampora
Speaking to CNBC last week, Acampora predicted 25 percent crashes for the Russell and the Nasdaq Composite and the S&P MidCap.
With calls for a correction dominating market chatter, tell us what you're doing with your money.
