We still view a similarity of 2011 with 2006 and therefore, see a pullback lasting 2-3 months but the S&P 500 ending above 1400 for the year. Based on our agent-based measure we predicted some pullback. We saw a major down day on January 30th but the market came back this last week. As of right now we do not see any immediate signs of a pullback. We do see February not making any major gains or losses. We will be running our measures every week to determine when we see a better picture of a pullback.
The investments we like based on all our measures are:
1. US high yield bonds
2. Russia
3. Mexico
4. REITs
5. Canada
6. Korea
7. Energy
8. US
9. Japan
10. Taiwan
11. South Africa
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