Things to ponder that can break the US market.
– Subprime mess? nope not relevant
– Illogical valuation? nope
– Fraud? nope
– Student loans? probably not
– Oil price? nope not so far
– CDO? nope
– FED’s balance sheet? nope(yellen said no selling).
– Auto loans? nope too small on the bank balance sheet.
– Weak world macro? nope not so far.
– Terrorist attacks? nope not so far.
So can anyone give me a reason how the market will flush down the toilet instead of a slow rolling correction?