Will this market go parabolic?
- Thread starter DisciplinedHedg
- Start date
The dumb money is not in yet...
Americans Say They Missed 73% Rise in S&P 500 as Economy Surged
March 24 (Bloomberg) -- Americans are down on the economy and the markets even as stocks and growth indicators are up.
By an almost 2-to-1 margin Americans believe the economy has worsened rather than improved during the past year, according to a Bloomberg National Poll conducted March 19-22. Among those who own stocks, bonds or mutual funds, only three of 10 people say the value of their portfolio has risen since a year ago.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTp.Sf7cvYvU&pos=6
Americans Say They Missed 73% Rise in S&P 500 as Economy Surged
March 24 (Bloomberg) -- Americans are down on the economy and the markets even as stocks and growth indicators are up.
By an almost 2-to-1 margin Americans believe the economy has worsened rather than improved during the past year, according to a Bloomberg National Poll conducted March 19-22. Among those who own stocks, bonds or mutual funds, only three of 10 people say the value of their portfolio has risen since a year ago.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTp.Sf7cvYvU&pos=6
The dumb money will not find its way into the market, its a little late for that, the amount of money investors lost over the last 2-3 years has not been forgotten, many will never get back into this market. Anyone thinking dumb money is going to chase this market higher is going to be wrong, the only money going into this market is being done by hedge funds and money managers.
Only 30% have seen their portfolio rise over the last year, the only ones making money in this market are the banks and all the rest on wallstreet, the small guy who is in foreclosure or just lost his job or house has nothing in the market and has not seen a dime from this rally. This rally is only benefiting few while the other tens of millions still struggle to find a footing in this economy.
Only 30% have seen their portfolio rise over the last year, the only ones making money in this market are the banks and all the rest on wallstreet, the small guy who is in foreclosure or just lost his job or house has nothing in the market and has not seen a dime from this rally. This rally is only benefiting few while the other tens of millions still struggle to find a footing in this economy.
The CNBC morons are cheering for Dow 11k...