The markets haven't had a decent correction for years BUT the stimulus and currency wars globally could push the markets a little higher ...The main issue at current is Greece ...they need to resolve it ever so quickly ....a Greek exit could be a crash catalyst ...THEN one would assume its lights out as the euro goes into free fall and fear grips the markets of the dreaded contagion theory.
To conclude and imo the markets need a catalyst to crash ... I would be looking at the DOW 17000 level and large gyrating swings at current or higher levels....One also should be looking at gold ....if gold climbs above 1300 this would be an ominous sign for global markets.
P.S Business as usual as long as the DOW sits above 17000 and gold remains below 1300....BUT if Greece defaults then the markets could be in for an 07/08 collapse.
