* The US economy grew at a galloping 33.1% rate in the third quarter.
* An accompanying report revealed that new jobless claims declined by 40,000 in one week, to the lowest level since March 14, when the economic lockdown was about to begin.
* The economy has already recovered about half of the 22 million jobs lost in March and April.
* Consumer spending – 70% of all economic activity – rose an astonishing 40.7% in the third quarter.
* Much of this consumption was on big-ticket items like new homes, furniture, cars, home exercise equipment, and other durable goods. (Consumers don’t make major purchases unless they feel optimistic about their income and job security.)
* The personal savings rate was a healthy 15.8%, indicating that there’s still plenty of consumer spending capacity.
* And all of this happened without another federal stimulus package.
So I’m putting back half of the money I pulled out of the market immediately, and then gradually putting the rest back over the next several months – just to be safe.