Thursday, January 31, 2013
"WHAT'S BEHIND THE BULL MARKET" or HERE COMES THE DUMB MONEY
http://money.cnn.com/2013/01/31/investing/stocks-bull-market/index.html?iid=HP_LN
"What's behind the rally
There are a number of factors at play, including signs of improvement in Europe and sustained growth in China. But analysts say the Federal Reserve's stimulus moves have been the main driver."
HERE COMES THE "DUMB MONEY"
"Meanwhile, after shunning stocks for the past few years, individual investors have started stepping back in.
"People are panicking that they missed the bull market and they're going to get in come hell or high water," said Cote. "But this is not a good time, the party is starting to be over." "
http://buzz.money.cnn.com/2013/01/31/bill-gross-markets/?iid=s_mpm
Listen to Bill Gross
"The world Gross refers to is the monetary system. "Today's near zero bound interest rates cripple savers and business models previously constructed on the basis of positive real yields," Gross writes."
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