Say bye bye to the bear market?
Jonathan Clements in this Wall Street Journal story (subscription required) on whether the recent rally indicates anything for investors:
This month's explosive rally changed a lot of minds on Wall Street, and there's a growing sense that the long bear market may finally be over.
But is it? My market-timing instincts are as good as any on Wall Street. In other words, like everybody else, I haven't a clue what will happen next. My hunch is that stocks have bottomed. But I had the same hunch in April 2001, September 2001 and July 2002.
Still, I consider the recent market rally to be a wake-up call for investors. Even if share prices slump once again, this grueling bear market won't drag on forever. With that in mind, it is time to prepare your portfolio for the bull market that will inevitably follow.