The good news is that even those who believe the ride is about to get bumpy expect it to end well. Unlike previous years, it’s hard to find anyone predicting a crash or a replay of 2008. They mainly believe the stock market can’t keep up its blistering start. Repeat the S&P 500’s surge in January over the rest of 2013 and it works out to an annual gain of 79 percent—roughly nine times better than the historical average.
For all his skepticism, Kleintop expects the S&P 500 to end the year trading around where it is now. He’s drawn up a list of companies he plans to scoop up after the next big drop.
‘‘It will be a buying opportunity,’’ he says. ‘‘We'll be ready to step in, because this bull market isn’t over.’’