Three cheers for the Standard & Poor's, whose S&P 500 index closed on Friday at 1,365.74, its highest level since June 2008. Maybe that dang recession is finally over after all! But before anybody breaks out the bubbly, it's important to remember that such indices -- as well as the stock market in general -- are just one economic indicator. Though the Dow has been looking bullish lately, too, gas prices are on the rise, and conflict is heating up in the Middle East, pulling more and more American dollars into the fray. But for now, don't think too much about war. Enjoy the weekend, knowing your investments are safe. For now.
This article is from the archive of our partner The Wire.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.