Editor's note: As part of our partnership with Nightly Business Report, Jill Malandrino of TheStreet's Options Profits joined NBR Monday (see video and transcript here) to reveal her trading outlook for the remainder of 2012.
NEW YORK (TheStreet) -- Here is a common dilemma for many investors: We all want to earn higher returns but are afraid to commit capital as the market continues its grind higher. Believe it or not, this is actually a product of a bull cycle.Investors keep their money in cash or low-yielding money markets and bond funds for fear of "missing the bottom." It's totally understandable as we are inundated with shaky macroeconomic data and global headline risk. Yes, there is plenty of reason to be concerned about macro measures, and we are not out of the proverbial woods, but let's take a step back and review the first quarter of 2012. The S&P 500 finished up over 12%, and that's outstanding for just one quarter of performance. Should we break out the bull-market party hats? No. We expect second-quarter choppiness, especially with the "Sell in May" psychological overhang. But the corrective action and consolidation we have seen is a good thing (as Martha Stewart would say).