Strategist Jim Paulsen says prepare for a stock market correction in 2018

Market milestones Market points of reference 

5:46 PM ET Fri, 1 Dec 2017 | 01:36 

This week the Dow crossed 24,000. The stock exchange continues ascending as consistently points of reference are come to and after that outperformed. 

It was not as much as a year prior when the Dow hit 20,000 on Jan. 25. Can the rally proceed? 

"I believe we're expected for a redress and we may well have that in 2018," The Leuthold Group's Jim Paulsen tells CNBC's "On The Money" in a meeting. 

In any case, the main speculation strategist at the advantage administration firm stated, "I don't generally observe the finish of the recuperation yet. Furthermore, I don't see a bear showcase." 

What will the current year's rally mean for your retirement reserve funds when you open your 401(k) articulations toward the finish of the year? 

"What I'd take a gander at is ensuring that you reallocate stores. Some of your best possessions will have gone up in weighing, and your stuff that is slacking would have fallen." It is the opportunity to rebalance your portfolio for 2018, Paulsen recommends. 

He alerts, "despite everything I think you'll need to be set up for somewhat more trouble in 2018. Absolutely (more troublesome) than we've had for this present year." Considering that situation, the strategist suggests financial specialists be "somewhat more moderate by they way they contribute." 

Paulsen proposes reallocating your blend "amongst stocks and bonds." 

"In any case, I'd additionally rebalance some of my division exposures, and turn into somewhat more cautious. Paulsen says he would take "somewhat out of forceful innovation that is done extremely well, and move an a tad to vitality and financials for 2018." 

Yet, Paulsen told CNBC if there is a market rectification, it could be a purchasing opportunity. 

"I'd take a gander at what I need to purchase for as little as possible by then, or I'd allot more supports as well." 

On the off chance that you've missed this rally and don't possess stocks is it past the point where it is possible to get in now? Paulsen oppose this idea.