Is a deep correction in the S&P500 close?

IMF data proves that growth in emerging economies have consistently outpaced growth in the USA (from 2003-2013). So why is there such a disparity in the prices of these two indices?

gfmag.com/component/content/article/119-economic-data/12376-economic-dataworlds-gdp-growth-by-regionhtml.html

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