DJIA and the S&P 500 recorded their biggest first-quarter point gains ever. The DJIA rose 994 points, or 8.1%, and the S&P 500 rose 150.87 points, or 12%, during the first three months of 2012. And, the NASDAQ rose 486.42, or 19%, in the first quarter, just narrowly missing its biggest point gain since 2000. At this point in 2012, investors are thoroughly convinced that the bull market is back to stay.
However, if you believe this rally is more like 1937 (See following chart.), you already know what followed. So, as an investor, you can go along with the current market psychology that this is a once in a lifetime investment (Mega Millions) opportunity, or this is the worst time in generations to be exposed to equities. In other words, the choice is yours!
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