I have been gathering data for about two weeks now since the Dow hit its all-time highs. Fund managers are as enthusiastic as ever and the economy seems to be recovering at a nice pace. Now, when everyone gets excited, that is usually the sign of a top. However, this market keeps creeping higher and does not want to give us any buying opportunities. Stocks are at cheap valuations, historically, and there is no other place to get a return for your money. So, we will continue to ride this rally higher. We are in aggressive names to take advantage of the run but have ample cash on the sidelines should we get the correction. Regards.
Update: 4/3/2013
