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?