Not before a dip in the interim. 26% gains on the Dow without a correction??? Look for 10-12% pull back coming in 4 weeks, maybe sooner. That's the way I read it. Will be rolling everything but short term shares into cash next week to protect gains and await the spring thaw. Agree, as you said, we may see a resumption in momentum by late April or May. JMHO. GLTA.
The pundits and contrarians have been calling for a pullback since last summer. I guess its always possbile to get a 10% pullback at some point but what is the impetus you see today that would cause such a correction given the economy is finally improving and the smart money is looking for this uptrend to continue until this summer.
There is a huge cost to being in cash as the market gains 15% to 25%. The cost increases multi fold if one is short.