We are now a few months into 2015. Seven years since the last market correction. Markets have been driven upward due to ultra-low interest rates and trillion of liquidity pumped into the markets.
Markets have remained relatively high even when the not so Federal Reserve began easing it's liquidity into the markets primarily by European Central Banks latest announcement of their form of quantitative easing.
Folks should be very cautious in the months ahead.
The times between the major "reversions" do not support the concept of cycles with a regular time period. Economics is a much more complex field than most people think.
Even in introductory college courses, the "no math" or "low math" version is taught. The reality is that pretty advanced calculus is required for serious understanding of economic principles.
I have never gone wrong guiding my personal portfolio on the prediction that there will be inflation. Under Obama, there is going to be even more inflation than previously. "Quantitative easing" is just another way to say we are running the printing presses at full speed.
Quality stocks, and real brick-and-mortar real estate both weather inflation quite well.