|05/01/2009 - We continue to rally off the ugly lows we put in back in early March. The S&P has now risen 31% off the bottom.
If I were a betting man I'd say that the Wall Street Phrase "Sell in May and go away" is likely to pan out. I've seen so many rally's falter in the Mid-May time frame that I might just take action this time around.
The rally has helped repair some of the damage that's taken place in our accounts over the past year or so, but when you sum things up, we're still down well over $100k, and probably more like $150k when you add in the decline in our house value.
I continue to fund my 401k at 30%, so I'm averaging in some small amount of my money at what I consider to be a discount in the market. I should max out this account some time in late Summer, at which point I will take the excess funds and either plow then into the principle on the house or add to our ROTH IRA.
Overall, I continue to stay the course.