Market (SP500) closed above the Dec 31 close only once in Jan 2014
Jan 15, by $0.02.
A correction is due - and all indications are that 2014 is the year. This is going to be the year of Short every pop and not BTFD. I think two Dow components AAPL and IBM are going to crater badly. And of course the TWTR,FB,NFLX constellation is due for a severe haircut.
22 year old Asperger syndrome geeks with dreams retirement before 30 are automating everything, putting people out of jobs, and commoditizing almost everything - there is going to a deflationary collapse in the next few years. S&P may well go sub-1000.
Investors are currently insane (Cf - the pop in Nestor, a penny stock on news of Google buying Nest) - and this time is going to turn out not to be different, after all.