With the Dow Jones Industrial Average up 57% and the Standard & Poor’s 500 Index up 62% since March, there is plenty to celebrate with a market that has been on a pace not seen since the 1930s. The trouble is, while it appears the economy is on the mend, once the $1 trillion in stimulus money is spent and the
As Hugh Johnson, chairman and chief investment officer of
And for now, one of the prime reasons stocks have been rising so strongly is because it’s the only place to find positive yields, noted Ed Yardeni, president and chief investment strategist at
Many of his clients, which include institutional investors and pension funds, don’t believe there are sound reasons for the market to rise but feel compelled to invest in stocks because they are rising so fast.
As soon as the