Our exuberance measure just posted with the weeklies under market updates for the S&P 500 is +4.9% - which is just short of our signal for a correction at +6%. With the S&P 500 just about to cross 1,800 for the first time, another strong gain this week could trigger a correction in the US. Will this flow on to our market? As we argued in our Woodhall Weekly yesterday, there is currently a bit of a disconnect between the two markets so fingers crossed!