Last night was full of bullish signals for global markets. The easiest path for a commentator is to jump on the upward bandwagon. Yet, this morning as I looked at an array of deeper events, I found myself being bombarded with sharemarket correction warning signs. I am always nervous about predicting share corrections, especially when the market itself looks, at worst, benign. But I would not be doing my job if I did not pass on the warning signs crossing my desk.
I hope these signs are wrong, but I fear they are not. But please do not prepare to jump off a cliff. I am urging caution not suicide.