The rally in equity markets has
cooled off, at least for the time being. Usually a correction like this
would be viewed as healthy thing after the rally we have enjoyed over the last
few weeks, but with some of the less than stellar economic data we have seen
combined with the ongoing issues in Crimea it feels like it may be awhile before the
market gets back to the highs we saw last week.
Of course this 5 year bull
market has surprised us time after time with its resilience, and this time may
indeed be no different, but it feels like a significant correction could take place in
the not too distant future. Whether that is in 2014 or whether that is
still a few years off remains to be seen.
