...I don’t understand it either...I’m on the sidelines in cash and am reluctant to go back in...I feel this March to June rally is fool’s gold....my nest egg can’t afford another leg down.
I’m hedging my bets and diversifying. Thankfully, we were pretty diversified when the market crashed, so we didn’t lose all. I’m leaving what’s left of my nest egg in the market, but we won’t put any more in. Everything we save now stays in cash until things look more stable.
Where would anyone be putting their investments today? I’m just shooting in the dark hoping I’ll hit something.
I split my 401K fund late last year to 1/3 gold mining stocks, 1/3 stocks and 1/3 cash. In 2009 I’ve recovered 25% of my total losses from my high water mark.
Still down 40% from November 2007.