My Current View
Market is currently facing October heat but this is temporary and pleasant environment is on the way....
Just keep yourself shielded before jumping in this market.
Once your are shielded with required protection from this October heat you can definitely roam around in this market to find gems since in such heated environment their are less buyers you will get bargain price for valuable companies share.
Don't be in hurry take your time to find quality management companies , since the heat is on there will be lot of sellers on print / electronic / social media trying to make different scenarios story about companies for selling their shares in their portfolio.
So apply filters to this noise and dig the well with your own analysis.