I like the way this feels.

the rally is mainly due to fed easing...and the foreigners are in buying mode.stock markets rise due to easy money ...add the January effect and we have enough reason.

always remember in behavioral finance stockd rise in pessimism and fall in optimism.

the VIX index has remained pretty flat the whole of 2012 at about 20s showing that investors are not a worried lot.Things are easy like sunday morning. The cliff doesn't seem to worry the bulls and the short sellers are being squeezed with remarkable efficiency.

VIX reading has recently plunged by record levels,showing complacency and optimism .....big things are about to happen...

While we are at it... What are the chances that 2013 could give us a "Black Swan event"? For the uninitiated, a black swan event is a low probability, high impact occurence. For instance, instead of the nse ranging between 3100-5000, it could shoot to 10,000 or collapse altogether!

My approach is simple so as to not jam my thoughts is separate the known from the unknown. Thus, leveraging on a likely broad peaceful election (pocket violence allowed), thereafter deal with the unknown propaganda. That way I can make more bucks & be better placed to respond to allegations/propaganda & or 'sky is falling' type stuff later.

the Fed has hinted this week that it might stop QE...interest rates are rising.

The S&P is at 5 years high.

be flexible in your thinking ....look for a top as the maverick hedge funds pile on the shorts...

as it stands now I can bet on a correction of a 10-15% magnitude...but if the thing takes off its silly not to ride the bucking bronco even here at the NSE.

I like Livermore's statement that there is neither bull nor bear to the stock market, but the right side.

you never want to be the dude that cries bear! bear! when the market is rising ....but you have to be damn paranoid with the VIX at 14 ...there is data to show a sharp sell off usually ensues after the fear index plunges below 20.

My thoughts exactly