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May Was a Good Month for Stocks
By JLP | June 2, 2009
May was a pretty good month for the Standard & Poor’s indexes. All three of the indexes I track (the S&P 500, MidCap 400, and SmallCap 600) had total returns of more than 1.50%. The S&P 500 Index was up over 5.5% for the month of May. All three of the indexes are up significantly over the last three months. Unfortunately, all three were down significantly in January and February and all of 2008.
As good as the last three months have been, I hardly think we are out of the woods yet. Long-term we still have inflation to worry about and the real estate and credit markets are far from being fixed. I don’t think this bull market has legs.
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