The ASX200 and world equities continue to rally, supported by interest-rates at historically low levels. It's extremely easy to find excuses to buy equities today, interestingly nothing has changed over the last 3 months apart from the ASX200 has rallied over 15%, this after the RBA sent a clear signal by cutting interest-rates for the first time in 16-months. I remain positive equities over coming weeks/months but investors should be open-minded to changes in sentiment, currently it's all bullish, but this can change quickly and there no clear signs at present. With ~$2trillion in European sovereign-debt offering negative interest-rates, the free-money will be around for a while even if/when the US Fed starts raising rates. The DOWJONES has rallied +180% in 6-years with zero interest-rates being an enormous driver. During this time, we had three decent pullbacks, but are very minor in the scheme of things, but can present magnificent opportunities. With interest-rates in the USA likely to be raised in 2015 and many wildcards on the horizon, I remain confident of a 10-15% correction in US equities this year. (VIEW LINK)