Investors Sing a New Tune—Wont Get Fooled
By SIMON CONSTABLE
Now is not the time to let yourself be suckered into getting back into stocks.Sure, the markets had a couple of spectacular days last week, but dont let that fool you into thinking all is well again with the world. The stock markets volatility and concerns about Europes deepening financial crisis signals investors should remain cautious. Simon Constable explains to WSJDNs Kelsey Hubbard.Its not. Theres still plenty of uncertainty out there. Yes, the Dow Jones Industrial Average finished Friday up 1.3% for the week, one of the Dows better showings in months. But the week before was one of its worst in years. And the Dow is still down 5.7% for 2011.The Nasdaq Compsite is also down 9% for the year, and the Standard & Poors 500-stock index is off 10%.Thats exactly why you need to stay cautious right now. In all likelihood, things will get worse before its all done.
via Investors Sing a New Tune—Wont Get Fooled Again – WSJ.com.
Really. My comment on this. Do you think it will be a good time to invest in the market when the Wall Street Journal runs a headline, “Now is a good time to invest in stocks”?