With the Dow Jones Industrial Average up 57% and the Standard & Poor’s 500 Index up 62% since March, there is plenty to celebrate with a market that has been on a pace not seen since the 1930s. The trouble is, while it appears the economy is on the mend, once the $1 trillion in stimulus money is spent and the Federal Reserve lifts interest rates above zero, it could put a damper on the stock market, many fund managers fear.

As Hugh Johnson, chairman and chief investment officer of Johnson Illington Advisors, told the Associated Press, “Pretty soon the easy money phase could be behind us.”

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