This is not to say you should take out a second mortgage and make huge, risky bets on stocks. But with stocks showing signs of life, it's time to start positioning your portfolio for the future. And if you missed this weeks' Fed-induced rally, not to worry. If we have entered a new bull trend, it's not going to end in 3 weeks or 3 months. You have plenty of time to get on board.
Proceeding cautiously makes sense.
Opportunity costs could be steep. Fearing losses could mean missing out on gains. Take the start of the 1990s bull market. Investors waiting for proof of a bottom got left in the dust. The Fed is on your side.