Despite Warnings, New Bull Market Leg Is Forming

Tuesday, July 23, 2013

Typical of many warnings being proffered to investors these days, Michael Santoli (formerly at Barron’s and now with Yahoo! Finance) has written Retail Investors Should Lower Expectations. He cites many reasons to be cautious and expect lower returns from “nearly all” asset classes. I’ve found Michael’s writings to be well-done. However, I believe his latest article misses important points and puts overreliance on public investors’ past timing mistakes.

His thesis (also supported by other market observers) is that, after over-cautiously missing out on the past 4+ years U.S. stock market run, investors now are blindly chasing stock performance as they run from plummeting bonds. However, he overlooks two important items that make this analysis wrong in today’s markets…

This article is published on SeekingAlpha.com


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