Tuesday, March 8, 2011

Two Years After Market Low, the Little Guy Is Back "Best Market Since 1928"

A twofer. First up, the AP via Yahoo:

As the bull market turns 2, investors flood back into stocks, more confident but still wary 
As a historic bull market reaches its second birthday, everyday investors are piling back into stocks, finally ready for more risk and hoping the rally has further to go.

The Standard & Poor's 500 index has almost doubled since March 9, 2009, when it hit a 12-year low after the financial crisis. And the Dow Jones industrials are back above 12,000, about 2,000 points shy of their all-time high.

Little-guy investors appear to be on board. Since the beginning of the year, investors have put $24.2 billion into U.S. stock mutual funds, according to the Investment Company Institute. They withdrew $96.7 billion in 2010.

"It didn't feel right to be back in until now," says Richard Dukas, who heads a public relations firm in New York City. "I still don't want to put all my money in the market, but I believe we've come through the worst of it."...MORE
Stock Market 'Best Since 1928,' Say Investors
NEW YORK—Wall Street insiders are hailing the current bull market as the best since 1928, The Wall Street Journal reported Tuesday. "The Dow is on an unstoppable rocket-ship ride into the outer stratosphere of fiscal health and prosperity,...MORE