And we are well overdue for one. The longer we go without one, the bigger it will be when it does finally arrive.
I think there will be a big correction come the later half of 2015 because of ObamaCare. Public companies have a fiduciary responsibility to minimize costs. Dumping people on the ObamaCare Exchange and paying a $2,000 penalty/employee is cheaper than keeping them on the companies’ health care insurance rolls. From what I can tell ObamaCare ain't cheap. Considering that about 70% of the US economy is supported by consumer spending, we are in for a pretty nasty dip. And don't forget ObamaCare's definition of full time! That's going hurt as well.