read this We will see a more volatile year that might scare off some investors, which might be good. Sentiment is getting way too positive. Its beyond complacency. Right now, weve seen them get carried away and there could be some backup in the first half of 2014. Asset Purchases Asset purchases by the Bank of Japan and the Federal Reserve have supported the global economy and helped to increase the market value of world stocks by $9.5 trillion this year. The Chicago Board Options Exchange Volatility Index, derived from the price of contracts used to protect against share declines, retreated 24 percent this year for its biggest decrease since 2009. The gauge averaged about 14.2, the lowest reading since 2006, data compiled by Bloomberg show.
Full story: http://www.bloomberg.com/news/2013-12-30/asian-futures-rise-amid-dow-record-as-gold-holds-retreat.html