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Dow Closes Above 13,000 - Will It Last?

Do you think 2012 will be a good year for your 401(k)?

The Dow Jones closed above 13,000 today for the first time since the recession began four years ago.

It’s been a while since investors have heard widespread use of the phrase “bull market,” but even though the Dow is up 20 percent since fall, many fear it’s just a fluke.

As the Los Angeles Times noted, “This time around there is an uneasy sense of optimism about the future. Wall Street remains worried that the current situation could be a repeat of early 2011, when a major stock rally collapsed during the second half of the year.”

What do you think? Are the economic markers still too mixed to sustain a bull market, or is it finally time for your 401(k) to see big gains?

Nancy Wride February 29, 2012 at 05:59 AM
Whatever the number, it needs to be below Bernie Madoff's....
tinytom February 29, 2012 at 05:13 PM
www.youtube.com/watch?v=ACpNVD5GMUw inflation
Nancy Wride February 29, 2012 at 11:48 PM
Hilarious. I will have to keep that one in mind for numerous other occasions.
Panglonymous March 01, 2012 at 11:48 AM
True dat. Remember when kids were taught the virtue of building a passbook savings account to benefit from the "magic of compound interest" over a lifetime? When was that, exactly?
Panglonymous April 03, 2012 at 12:04 PM
So who's in control now, Mayans? -Financial services company touting their long term view on your retirement

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