Making Money Alert – FREE
02/01/2012
The first month of 2012 is in the books, and it was a very good one for stocks. The S&P 500 Index surged 4.4% during the month, while the Dow jumped 3.4%. The tech-heavy NASDAQ Composite also saw big gains in January, as the index vaulted 8% during the month. The gains we’ve seen in the major domestic markets also were seen overseas, as the iShares MSCI Emerging Markets index (EEM) surged 7.7% in January. Even European stocks were higher, with the iShares S&P Europe 350 Index (IEV) climbing 2.2%. Now, with all of the upside we’ve seen so far in 2012, you might think that it’s time to feel like a bull. Well, I still don’t. In fact, I am of the opinion that traders around the globe are taking on way too much risk right now, and the chief reason why is the still-unresolved debt issues in Europe. This week, European leaders held yet another summit to try and force debt-laden countries such as Greece to agree to choke down more austerity measures…