The Day Ahead: No Sign of 'Dumb Money' Just Yet
Based on some anecdotal observations of mine over the weekend, it seems apparent that the "dumb money" has yet to find its way back into the stock market. (Note: I hate that term, as it talks down to folks who truly need help with the market -- but it helps for brevity's sake.)
First off, out of the three Super Bowl parties I attended, there was no talk about the Dow at 14,000 -- and nobody bragged about hot stock picks from the country club card room. Ditto for the five people I polled at a particularly robust food section at Target (TGT). (In fact, one lost soul didn't know what the Dow was. I gave him my business card.) Finally, in response to my Men's Health column, a reader who had "never bought a stock before" asked if they should do so now that the market is rising....565 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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