It's the one piece of contrarian news lurking on the horizon that no investment manager – or investor – wants to hear.

But more and more analysts and economists are, not so quietly, issuing warnings that the bull market which began in 2009 – and has been widely vacated by many investors burned by the major crash of 2008, despite decent growth – may be poised for another large plunge. 

Analysts with UBS AG are already predicting what they believe might be as much as a 30 percent drop in the S&P 500 by 2014, despite recent news that the index had reached a five-year high.

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