Previous research indicates that formerly depressed individuals engage in high levels of thought suppression that can mask depressive cognitions. However, suppression may also ironically foster a vigilance for unwanted thoughts that promotes uncertainty about ambiguous information and distorts memory. The present study tested this possibility. Formerly dysphoric, currently dysphoric, and never-dysphoric participants listened to a series of statements describing life events that were positive, negative, or ambiguous. In a subsequent recognition phase, participants reviewed a series of statements and rated each for the likelihood that it had been presented earlier. The recognition list included positive and negative disambiguated versions of the original items. Compared to the never-dysphoric group, formerly dysphoric individuals were more likely to endorse negative disambiguations. As predicted, this bias was associated with higher levels of thought suppression and greater uncertainty about the meaning of ambiguous situations, suggesting an ongoing conflict between positive and negative thoughts.