Why I am still bullish... at least for first part of 2013

Despite fears of the fiscal cliff, China slowing down and US and Europe possibly going into recession, the markets are refusing to budge. Therefore, I am still bullish on the stock markets for the following reasons:

• I am betting that the fiscal cliff will get some resolution
• Over the last five years, some $500 billion has poured out of equity mutual funds and $1 trillion flooded into bond funds. Virtually every category of investor is running equity exposures at historic lows. A reversal of these flows would trigger the mother of all bull markets.
• The Fed will keep good on its promise to keep interest rates at zero until 2015.
• The European Central Bank will continue its never-ending monetary stimulus

How much will the markets rise?
The S&P 500 could clawing its way to $1,600 or more by the end of 2013, up some 13% from here.

Source: Presented by John Thomas, Global Trading Dispatch, Market Authority

I am especially bullish on stocks related to China at this moment .