If you buried your savings under a rock in your backyard in 2007 you just might have spared yourself some stress and saved a lot of money. You would have known where to find the money. You would have known how much was there. You would have known how much would be there the next day, week, month or year.
That strategy was a resonable substitute for sound financial planning during the recession. It took all volatility out of the market, as long as you had a heavy rock on the money. That strategy no longer makes sense. Today was the day the Dow industrials hit their highest mark in close to five years.
The Dow closed at 13,323.36. The last time it was that high it was Christmas of 2007. The bottom was March of 2009. The trend upward has been fairly consistent since then.
I know this is an over simplification of all that matters when it comes to the economy and finance. Too many people are out of work. Too many small businesses are suffering from a lack of customers. Too many indicators continue to show weakness. But, there is some light ahead.
It is fair to say that it is time to dig that savings out from under the rock in the back yard. Once the nation gets past the Election we are primed to surge forward.
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