Have you checked your 401(k) lately? If not, take a look. It’s not nearly as painful as it used to be.
Despite the slow pace of recovery and the mindless yammering that passes for political discourse, the Dow has gained more than 4,000 points in a little more than a year.
Investors are getting back in the game. But will they continue to play?
The Dow closed at 10,927 on Thursday — a striking contrast to March a year ago when the Dow plunged below 6600.
With the decent jobs numbers just reported it’s reasonable to assume the market will push past 11,000 next week when investors return from the long Easter weekend. (The New York Stock Exchange is closed today in observance of Good Friday.)
The recovery still has long way to go, however, to make it all the way back to those heady days of 2007 when the market topped 14,000.
Another year like the last one and we’ll be there.
Will it happen? Maybe not next year, but eventually.