Stock market correction ‘would be healthy’

<p>The US stock market is due a ‘correction’.</p>

The US stock market has been enjoying a good period in the last few weeks and months, but it might be time for a "correction".

This is the view of James Mackintosh, writing for the Financial Times, who stated this would be "healthy" for the economy in the long term.

He explained this is due to the fact that the market currently has a number of similarities with how it stood in 1987.

Mr Mackintosh stated he believes investors are "worryingly confident" about the state of the stock market and this is not necessarily a good thing.

"A market correction now would be healthy. Without it, the 1987 comparison suggests fat profits ahead – but only for those who sell in time," he said.

Last night (March 11th), the Dow Jones closed at 14,447, which was over 50 points up on the start of the day's trading, a rise of 0.35 per cent.

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