As blue chips go -

[Mme. Defarge]

so goes the stock market?

What Is a Blue Chip?
A blue chip company is widely considered a solid long-term investment due to its established position in its industry. Blue chips have a large market share, seasoned management, solid and reliable financials, and brand recognition.

Companies that are deemed blue chips have reputable brands that have been built and maintained over many years and have weathered multiple downturns in the economy. This contributes to their long records of steady growth.

https://www.investopedia.com/terms/b/bluechip.asp

[Happy Hoosier]

1. The market is "due" for a large corrrection.

At least by historical standards. I do think the market has change. A high percentage of passive and mechanical investors does change market dynamics, IMO, but instead of a bear market, we may see more "V-shaped" incidents and realtively flat market. Unless we see large scale unemployment. That could be a big issue.