The large caps have had some very good moves in couple of months. But the small caps have not been far behind. The markets is at level where correction is a normal next course of action. But anyone proclaiming DOW 6000 by year end at this stage is completely wrong and probably has very poor understanding of how markets work. The possibility and probability of that happening is very low.
What will happen is markets will correct at this level, shake out lots of bulls, some stocks will have nasty reversals and once again get stuck in range. Select set of stocks are poised for significant up moves and they will go up.If you have a methodology to identify them, you will not be worried about Armageddon. That is why instead of focusing on macro issues focusing on central market tendencies will pay you rich dividends for life time.
Here are some stocks showing up on my scans.