So what do you think about the stock market these days? It's been climbing non-stop since March. OK, there was a little hiatus in June, but investments I made in early March are now up more than 50%. My 401K is now well above break even. Our total portfolio is only a few percentage points down compared to where it was since this crash began. Truth is, I am getting nervous.
Just like I said that things weren't that bad in the dark days of February, they aren't that great now! BTW here's a post I wrote in early March preaching the upside of stock investing, just a couple of days before the market started bouncing back. No special powers of prognostication here, just simple coincidence.
The stock market upsurge has me just concerned enough that I have halted all new investments in the market (except for my 401K contributions), since the beginning of May. OK, there's also the small matter of my preparations for the possibility of buying a house, but even if this were not the case I think I would have paused for a while. I don't like this euphoric mood.
Yes, I believe we are done with the recession, but I don't think that euphoria is called for. There is still much economic risk out there, including risk to our currency from the twin scourges of inflation and deficit.
Curious to hear your take on the situation.
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