It is an awesome time to be in equities. The S&P 500 just closed above 1400 and the Dow is solidly above 13,000. Interest rates on bonds are finally starting to tick upward and almost all the economic news has been good.
If I had a significant stake in precious metals or long term bond funds, I would be really nervous about right now. BTW, there is still plenty of room to buy in on some really solid companies at great prices. It looks like the U.S. economy is finally starting to improve.
Of course, major macroeconomic hiccups could cause a setback (Spanish default, major Chinese slowdown, etc.)
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