Watch out for the snow cliff

The seeds of a US and global market correction may already have been set by America’s ‘deep freeze’.

Everyone is aware of what a fantastic year it was for the US stockmarket in 2013.

The S&P 500 was up 30%. So now it only makes sense, given how consistent last year’s rally was, that people are on the lookout for a potentially significant correction – and some are even again suggesting a lasting top in the market.

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