UK and European stocks have seen a sharp sell off. Is now the right time to buy?

The UK blue chip index is currently testing the 7100 level having fallen almost 800 points since the highs earlier this year. We are now officially in correction territory with declines of over 10%. European indices have faired just as badly and US equities have finally hit a bump in the road. Does this present an opportunity or should we be cautious of further declines?

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