I'm expecting in the next week, maybe even overnight, a correction to start in the S&P500. I expect the S&P500 to start falling from around 2000 at present to a support level of 1600pts. That's a 20% fall. I'm actually expecting the ASX-200 (Australian) market to fall back from 5624 to around 4950-5000 point mark. The reason is that resources are priced low, so the Australian market is relatively subdued anyway.
In either case, after these 'asset price' corrections, these markets will recover quickly, and I fully expect that by the end of 2015, they would have reclaimed those losses. The reason is because the current rally was too strong, too fast, and the evidence or justification for it will probably not emerge to later in the year.
Asian property markets outperforming Japan Foreclosed Guide Philippines Property Guide
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