Yesterday I tried to encourage people to put some money back in the market. This of course applies to 401Ks also.
As I type this the dow is up 367 points, not a bad days work.
But let me again suggest that if you're sitting in a bond fund you really need to take a good look at it, especially in your 401K. Not only are stocks up large today but bond yields are also up large. And when bond yields are up large, that means the value of your bond fund is down.
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One of the main things I do is advise individual 401K participants on the best allocation in their plan. I know from experience that a lot of people really never look at their plan. They make an allocation and thats that. This is a huge part of your retirement and you really need to pay attention to it.
This market has switched in my opinion from a sell the rally to buy the dip.
