NAS and Russell are but fractions of what they were 2002. Upside is sky's the limit. We're past go away in May, and setting up for the rest of the summer rally.
Whatever makes you feel comfortable, NAS leads the Russell, and there's a little more headroom. Numbers are good for high profile small players, and the housing stats are hoked up by making less of the previous reporting periods -- it makes it look justified for Bernookie to walk away from MBS bond buying and tapering.
Does the market buy that window dressing by the Fed? Not so if you read the comments to the yahoo blivit board.
I'm sticking around for the next three or so percent.