This is a bit off topic but the Dow Jones Industrial average jumped nearly 900 points today mostly in the last 2 hours of trading. While this is good for everyone that is currently worried about their 401K’s I would caution that things may not be as they appear.
Take a look at this pic from from the early 1930′s to see how the market performed then. The market went up about 10% today and if the chart below is correct we could assume we could see another 15% jump before we start the downward trend again.
Hopefully for those who are dependant on their 401k’s this chart is nothing but ‘old news’.