[pepsionice]

It’s a great recovery from 2008, but you have to believe that it’s gone way beyond the accepted levels, and a major correction has to occur somewhere in 2014. A dramatic five to eight percent drop?

[BlueStateRightist]

Free money from the Fed underpins this performance. Gone are the days when the broad indices truly reflect the performance of businesses.

[old and tired]

you have to believe that it’s gone way beyond the accepted levels, and a major correction has to occur somewhere in 2014. A dramatic five to eight percent drop?

That's what I think. I really thought it was going to be in this last quarter. My new guess is either 1) right after retail posts Christmas results or 2) in April when everyone's higher taxes are due.

On a side note, I was in BJ's warehouse club yesterday. The largest size of paper towels are going for 26 dollars. The largest size Charmin going for $30. Unsustainable. We're in big trouble. Once the market crashes, it's going to be a long, hard depression.

[Vaduz]

Agree major correction has to occur somewhere I bet it’s at least 10%.

[pieceofthepuzzle]

“It’s a great recovery from 2008, but you have to believe that it’s gone way beyond the accepted levels, and a major correction has to occur somewhere in 2014. A dramatic five to eight percent drop?”

If the stock market were strongly linked to hard economic facts and economic reality, you'd probably be right, but it's not - so anything can happen.

It seems to me that in recent years, going back to the Clinton years, it takes a significant event that cannot be ignored to trigger a large drop. That may happen, but may not. These kinds of events can also be manipulated by the media - and given that there is an important mid-term election coming up in 2014 they may be very motivated to suppress news items that can negatively effect the market. On the other hand, the effects of Obamacare will be difficult to ignore.

[Taxman]

It is a house of cards.

Standby, and stand back!