If you need any more proof that you should not be in the stock market right now, look no further than today's shocker: T-bills are paying a slightly negative return and Americans still are putting their money in these instruments in record amounts.
As NBC's Brian Williams described, this situation is like putting one's money under the mattress.
More broadly, it says that Americans do not believe the economy is going to turn around any time soon. And that spells bad news for the stock market. Volume on the Dow has been at ridiculous lows lately, meaning that Americans do not want to invest in the market. They do not have any confidence in the future, no matter what polls say.
You do not have to go into T-bills. The U.S. Department of the Treasury has promised to back money market funds, and they pay about 2.5 percent. That's better than a mattress, the stock market and T-bills. Or there are one-year liquid CDs.
Get your money out of growth mutual funds now and puts the assets in money markets. Please.
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