YES Andrew Goldberg Markets have now enjoyed more than 1,030 days without a 10 per cent correction - an unusual, but not unprecedented, rally (this is the third time in 25 years). While this in itself doesn't suggest an imminent correction, it is fair to say that the powerful anaesthetic of extreme central bank intervention has acted to numb the market to some of the potential pitfalls. This unusually sanguine market behaviour means that any unexpected event or negative news might be met with a sharper knee-jerk reaction than would otherwise be the case. Investors should be on guard for a correction. However, we still believe that easy monetary policy (despite some tweaks), improving global growth, and slow-but-steady corporate earnings growth will continue to make this a market of higher highs, and higher lows. So any meaningful correction should be viewed as healthy, and perhaps even an opportunity to add to shares at a cheaper price.
NO Bill O'Neill We're already pretty close to a 5 per cent correction on
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