“Over the past three months the pessimistic mood has changed to optimism,” continues Wien, formerly the long-time chief investment strategist at Morgan Stanley. “Ordinarily, optimistic sentiment readings presage a market correction, but there are so many investors looking for an opportunity to increase their exposure that even a minor downdraft gets cut short by a flood of buyers. This could continue for a while.”
I know there seems to be a move out of bonds and into stocks. I think many Americans are getting tired of earning less than 1% interest on their money. Also he cites Apple paying a dividend which may mean companies might be whittling down their cash hoards so that they could give it back to investors. We just need to watch out for the sabre rattling coming out of Iran because $300 oil will black swan this market.
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