WSJ: Investors Sing a New Tune—'Won't Get Fooled Again'

By SIMON CONSTABLE

Now is not the time to let yourself be suckered into getting back into stocks.

Sure, the markets had a couple of spectacular days last week, but don't let that fool you into thinking all is well again with the world.It's not. There's still plenty of uncertainty out there. Yes, the Dow Jones Industrial Average finished Friday up 1.3% for the week, one of the Dow's better showings in months. But the week before was one of its worst in years. And the Dow is still down 5.7% for 2011.

The Nasdaq Compsite is also down 9% for the year, and the Standard & Poor's 500-stock index is off 10%.

That's exactly why you need to stay cautious right now. In all likelihood, things will get worse before it's all done.

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