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Staying in cash and doing nothing would probably beat picking random stocks you have no idea about. Since the market has basically been up every day in 2012, most people will buy high and sell low if they start now.
Some stocks will appreciate by May, but my guess is that more than 50% will decline. I'm not a bear, but believe we are due for a correction (10% or so) over the next few months. Then higher from there.
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