One more comment for those unfortunate souls who held long stock/mutual funds positions all the way down about this bear market -45%. (*ouch*)
I predict this Fool’s Rally will give you YOUR LAST CHANCE to dump those long positions at higher prices, recovering some of your losses.
If you miss this opportunity to sell your longs (at say S&P500=1,100), you will soon find yourself somewhere in 2009, with the S&P500 sitting at about 600 and you’ll then be far more stunned at how beaten up your 401K will be.
