Why I remain bullish

Here are the reasons why I do not see a market top yet:

• Valuations remain compelling
• Retail investors have yet to enter the market in full force
• Bull markets in emerging economies last 69 months and up 423% on average and bear markets there average 14 months and down 57% (Mark Mobius)

However, in the very short term (next few weeks or months), I see more consolidation in the markets, especially since markets have made such a big run since Decmber 2011. But, any dips will present opportunities to buy stocks at more attractive levels.