The stock market has put in a strong performance over the first three months of 2012, but many people are still sitting on the sidelines.
From the Marketwatch.com story, “U.S. stock market’s rise leaves many behind”:
Data suggest it has been primarily the retail investor that has remained on the sidelines as the (Standard & Poor’s 500 index) marked the start of the bull market’s fourth year by targeting, and then overtaking, 1,400 — a level not hit since 2008.
According to the story, trading volumes are well beneath those of the first quarter last year, and more money has left domestic equity mutual funds in the past 10 months than has gone in.
Everyone seems to be atwitter about a bull market this week. Yesterday, the Standard & Poor’s 500 Index closed at a seven-month high, just 1 percent off the year-over-year high from April 29, 2011. And the MSCI All-Country World Index has also climbed precipitously in recent months. What is the MSCI All-Country World Index, you