It's been six months, 300 points and 21% since the S&P 500 (^GSPC) began its ascent into record territory. The astounding, unbending rise has left countless casualties in its wake, especially those who have waited, and waited and waited for the better entry point that never came.

"It's extremely difficult to time this market," says Simon Baker, founder of Baker Ave Asset Management, in the attached video. "This is one of the most unliked rallies ever. The market continues to hit new highs and people are just getting more and more frustrated."

His advice: Stop waiting and get fully invested in stocks.

"Scared money does not make money. You need to be in equities at this stage," he says. "When the Fed, ECB and Japanese are throwing money into the market you need to be long U.S. equities."

A large part of his resolve comes from the fact that too many people are currently waiting for a correction. In fact, Baker says half of the audience at a recent high net worth conference he was speaking at admitted they were waiting for a 5% correction.

European GDP data were released this morning, missing expectations and offering scant evidence of improvement for the troubled region. GDP for the 17-nation Eurozone dropped 0.2%, worse than the 0.1% expected contraction. The recession has now extended into a sixth consecutive quarter. As for the two stalwart nations on the continent, Germany saw 0.1% growth and France officially fell into a recession with a contraction of 0.2%. European markets had little reaction to the news.

The optimists at the IMF point to the improvement last year. Germany, worried about picking up the tab for potential stimulus, seems to think things are going just fine as long as deficits are under control. According to Marc Chandler, head of global currency strategy at Brown Brothers Harriman, Germany's push for austerity is still carrying the day in Europe.

History suggests Europe is reluctant to be dictated to by the Germans. If they object this time around they shouldn't look to the U.S. for help. As Chandler sees it America and the IMF are just fine with the current path. "For the first time in American history its alright for a hedgom to come in power in Europe," he says in the attached video.