What happened to "Sell in May and go away - come back in Sept/October. At the beginning of this bull rush, the market had shifted into 2nd gear, when I had just started my engine. The question is how much of a correction will occur, and when.
Thus far, I survived the May 2006 drop, the subsequent head-fakes, false bottoms and tops, and seemingly endless record highs - and modestly profited. At times, the equity markets seems to be creating thin-ice steps, where there were none before, to more solid ones. Where will the climbing-a-wall-of-worry end - and it will! - eventually.
In the meantime, it day-by-day reassessment. I'm keeping my finger in the wind, eyes on the ball, and ears on tracks (e.g. US Fed, corporate earnings report, economic events, oil prices, US dollar, middle-east, Bush, stochastic elasticity, May/October cycle, the unforseen). Hopefully, I won't be distracted or faked-out - and, can run like heck to "G" before it does.