Five Reasons the Market is Vulnerable to Downturn
From Pragmatic Capitalism:
"In our view, the market, at current levels, is highly vulnerable to a major downturn as a result of negative fundamentals and high valuations. Following is a summary of important factors likely to impact stocks in the period ahead.
ECONOMY — The economic fundamentals remain weak. Following the deepest recession since the 1930s, the recovery has been extremely slow and too heavily dependent on an inventory turnaround and government transfer payments. The usual catalysts for self-sustaining growth have largely been absent, including consumer spending, employment, housing, and credit availability.
As we would expect after a major credit crisis..."