2012 is going to repeat 2010

After the ECB and the Fed both rolled out their own bazooka, all bears, myself included, should have surrendered.

Without digging into details too much, the rest of 2012 is going to be a repeat of 2010 - a policy-induced bull market. Here are quite a few self - explanatory charts:

Source: Reuters, click to enlarge 

Source: Reuters, click to enlarge 

Source: Reuters, click to enlarge 

Let's enjoy the rally while it lasts. If 2012 turns out to repeat 2010, then 2013 is going to be a repeat of 2011, if not 2008...

I will illustrate further here the headwinds facing the market next year both in the US and Europe as we head toward the end of this rally.