Don't Bet on Wall Street

This is a word to the wise.

Don't bet your 401K retirement life savings on Wall Street. 

The current modestly up bull market is predicable for three main reasons:

1. Wall Street makes money when stocks move up or down. They were down and now they want to go up.
2. Companies are using these last 2 quarters of 2010 to dump as much earnings into 2010 under the current law before the tax rate hikes of 2011. This makes company earnings look great. Remember, it is not like your personal bank account. A public company can shift earnings around quite a bit. If it wants to show a loss for a year, it can. If it wants to show a gain for a while, it usually can.    
3. Several larger companies are making money because of a), new technology products, b), people buying while their money is still worth more, and c), manufacturing companies are adding some inventory after months of holding off buying. 

Don't be sucked into the spin.  Get out of your 401K now...while the market is showing a positive level.