A correction in the S&P is likely to play out.
Just to update this before I make it inactive. We did see a correction, straight after Bernanke mentioned "taper" in his testimony, the market fear set in and brought the S&P down to around 1560. We didn't get quite as low as I was expecting, and since then have rallied to new highs. This stimulus driven move will come tumbling down eventually when the Fed decides to slow down their easing, or before then if risk aversion kicks in.. Until then I expect this to grind to higher record highs.