Nasdaq UP 13.3% in 2012 so far, what next ?

In first 48 days Nasdaq is UP 13.3%, while average return for a good year is 8%.

Expectations for this market has been very low & uncertain @ start of the year.

Greece has held centre stage for this market for last 2 years.

Monday is another day & another Greek drama, no matter what is agreed, there is always another monkey wrench.......

BUT.....market is marching on its own drum, defying skeptics & scared.

This is one TAPE where everyone is uncomfortable & looking @ headlines day & night.

Maybe it is the uncertainty which is working in markets favour.

I along with many are under-invested, waiting for that bargain, which seems elusive.

It is always important to be "extremely comfortable with your exposure"......there are 60,000 stocks which trades around the world, no need to chase IF you are not ready.

I have talked about RSI for many years as a "reliable indicator", but in a runaway bull market, it does NOT work....it is actually the reverse these days.

TAPE is telling us to be in "high growth"" high multiple stocks".....they are making series of 52 wk highs......

It is "critical" to examine your own beliefs & indicators...IF they are NOT working.

This market is different, bargain is trading in few $ range, while growth stocks are flying......

SO..Nasdaq is UP 13.3% so far, I am UP 34% which includes 17% gain from Canadian $ exposure, 17%  gain is from stocks.......I have removed 55% equity from markets by mid January 2012........so i am looking @ my YTD results with mixed emotions. My current portfolio, all 4 of them, have not performed @ all. I am under water in all, a rarity?

Just my way of evaluating real return, with my analytical approach.

S&P 500 has to clear 1370.58 to proceed into higher grounds........

The question is, how high are we going in 2012?

Looks like, quite HIGH !!!!!

BLOG does NOT give buy or sell.

Saleem