If you were to open your third quarter 401(k) statements, and I hope that you do, you will find that your balance in your retirement plans has jumped significantly from its lows from the year ending 2008. This would, to the untrained eye, point to a recovery led by the stock market.
And the stock market has recovered - to a degree. Yet, expecting this to reflect into the economy that we experience day in and day out, is not there. And may not be for months. Why is this? The full article can be found here.
Paul Petillo is the Managing Editor of the BlueCollarDollar.com