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The stock market appears to be ripe for a correction
The stock market appears to be ripe for a correction
(iStockphoto)

We need a market correction, and we’ll get one

You can say this for market turbulence: It sets up better days ahead.

The year is only seven trading days old, but already it has delivered enough of a jolt to make you wonder what the rest of the year is going to look like.

The S&P 500 has fallen for four of those seven days, for an overall dip of 0.3 per cent in 2014. While that’s not enough to make anyone sweat, it does mark the index’s worst start to a year since 2008 – an ominous comparison, given that the S&P 500 wound up sinking more than 38 per cent that year.