401(k) Balances Rebound

Fidelity Investments released a report last week that 401(k) balances hit a 10 year high last December. Does this mean that people are feeling wealthier and that a faster economic recovery is on the way? We'll see. I can't imagine that $4 a gallon for gasoline is going to spur peoples spending.

Those that have been sitting on the sidelines waiting to see if this market rally is for real or are too beat up from the crash of 2008 and too scared to go back in, have missed one of the best market upswings in 20 years.