The Train Already Left

The market has done its best to frustrate the traders this year.  Those looking for a correction to get on board have had very little opportunity.  The skeptics trying to call a top have been grounded to dust.  I am not a fan of bull markets because of the lack of volatility.  When there is little volatility, you have to seek it out in other markets or just wait it out.  So I have done much less trading.  Sometimes not losing is a form of winning.  We are building up for one 8-10% correction this year.  It looks like it will happen in the summer, because I just don't see us going more than 9 months without a sizeable correction (last one was in November). 

One very significant sign of US stock market strength is the ability to rise along with the dollar, this also happened in early 2011.  We kept grinding higher for another 4 months.  And I would say this current market is much stronger than the one in 2011.  So a strong dollar and a strong stock market means we aren't going down for a while.  Prepare to buy more small dips in the spring.  If you wait for a big one, you'll be left grabbing air.