Soon, that is what it looks like; a stock market melt-up. Investors have had every sort of fear and concern thrown at them, and yet they have refused to be scared away. Money not only continues to be invested in our domestic equities, flows are positive into European and emerging markets too. Certain groups like industrials are at the early stages of breaking out (to the upside) and just need a little more confidence to emerge and really begin to move significantly higher. These groups are usually the leaders in any major bull move.
This is a strong environment and one conducive to investment returns. Investors are seeing through the near-term issues and adding to their holdings.
This is not the time to withdraw, but to remain committed. Stay steady, my friends.
the Lonely Bull