Was the recent Stock Market rally a signal that the worst is over, and it's time to get more aggressive as an investor, or was it just a brief bounce that is fizzling out? According to a recent article in the Investment News, Don Jamieson expects the rally to be short lived. "Those who think the rally is nothing more than a head fake have a great deal of company. Since the closing low on March 9, the markets have been led higher by lower quality stocks and riskier asset classes, such as financial stocks and emerging market equities," stated Jamieson.

What should an investor be doing now? It all depends on your age, your financial situation, and your tolerance for risk. Generally speaking, the older an investor is, the less risk they should be taking. The reason is simple. The older an investor is, the less time they have to wait for their accounts to rebound. According to numerous sources, far too many investors age 55 and over lost thousands of dollars because they had too much risk in their retirement accounts. Don't let that happen to you.