This is quite funny... I remember beginning of 2011 nearly everyone, analyst's included predicting ASX will be over 5500, DOW over 13,000..... No those same analyst's and others calling the opp in 2012... with a bearish outlook...
The one big thing I have learned from these markets is they will always act in an irrational manner and will do the opp to what should be common sense...
I put up a post late last year saying might be in for a surprise in 2012 with markets doing better than expected.. For now it looks ok...
Big million dollar question is just about everyone know's Greece will default, but how much is calculated in this current market when that event happens....
IMO-big elephant in the room is Italy.. But for now Italy's bond auctions have gone better than expected same with Spain...
U.S - Fed without saying in directly pretty much said they will start up the printing press again sometime this year...
So for me beginning of this year has been good trading ops, how long it will last no knows really...
