A decline in the stock market in the United States of between 10 to 15% by the end of 2013 is very likely. This decline will be fueled by profit takers, and the eventual ending of quantitative easing by the Federal Reserve towards the end of this year.
As occurred with the housing market, all of those who benefited on the way up will now be seeking additional federal bailouts. This time, however, the sole responsibility for the disaster belongs in Washington.
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