The parallel to 2002 continues. Last year, the Naz spiked up in early March, to a little below the January tops, before the horrific selloff began.
If it were not for Iraq confusing the picture, and giving the hypesters so many reasons that "things are bad now but are bound to get better", I'd say a repeat of last year is bound to happen.
Hard work often pays off over time,
but laziness always pays off right now.