Apocalypse Not: Six Investment Moves to Make Now

From the Wall St Journal: Dire predictions of market collapses and economic gloom in 2012 have so far proven overly pessimistic. But what should investors do to continue making money the rest of the year?

In January, many expected Europe's debt woes to spread from Greece to the rest of the euro zone, China's economic growth rate to falter and the U.S. to be once again gripped by a midyear market scare, if not necessarily one triggered by a debt-ceiling debate and a debt downgrade.

Given those concerns, many investors predicted the price of U.S. Treasurys, which do well when investors are fearful, would rise and the price of stocks and other risky assets would fall.

Treasury prices did indeed rise, while their yields, which move in the opposite direction, fell to record lows. But the Standard & Poor's 500-stock index has gained nearly 14% so far this year, while high-yield "junk" bonds have returned nearly 10%. In fact, most major asset classes are in positive territory for the year…..

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