investing outlook

Despite a steady six-month rally, lots of investors still haven't jumped back into equities. While plenty of official economic reports say things are getting better, these investors are following other signs -- often closer to home -- that say beware.

After suffering its worst August in nearly a decade, the blue-chip Dow found a welcome way to put summer behind it. But don't be disappointed if last week's market euphoria fails to carry into this week and beyond.

A better-than-expected reading on the job market propelled stocks to their fourth straight daily gain, giving the first few days of the month an uplifting boost after the worst August for U.S. equities in nearly a decade.

Despite some big gains lately, the market has been range-bound for months, with the S&P 500 turning positive for 2010 only on Tuesday. What can shake this torpor? If history is any guide, the coming midterm elections.