Individuals Pile Into Stocks as Pros Say Bull Is Spent
Main Street and Wall Street are moving in opposite directions.
Individual investors are plowing money back
into the U.S. stock market just as professional strategists say gains
for this year are over. About $100 billion has been added to equity
mutual funds and exchange-traded funds in the past year, 10 times more
than the previous 12 months, according to data compiled by Bloomberg and
the Investment Company Institute.
The growing optimism contrasts with
forecasters from UBS AG to HSBC Holdings Plc, who say the stock market
will be stagnant with valuations at a four-year high. While the strategists have a mixed record of being right, history shows the bull market has already lasted longer than average and individuals tend to pile in at the end of the rally.
http://www.bloomberg.com/news/2014-07-13/individuals-pile-into-stocks-as-pros-say-bull-is-spent.html
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We cannot judge the market on the basis of a single update, it is better to wait for sometime.
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