Hard to believe that the first month of 2012 is already over. It was an excellent month, with all the major indexes solidly up. Today, like yesterday, sold off early but climbed back to basically break-even by the close and most of my funds were up slightly. As followers of this site know, I’ve been skeptical about the fundamental underpinnings of this market. Europe looks likely to implode and our own economy is limping along; but my strategy does not depend on what I think the market should be doing. It depends on what the market actually is doing. So far, so good for 2012. No changes in the portfolio for tomorrow.