<<IMO investors have been used to the growth of recent years and will strive for a better return than most bonds rates offer.>>
The big problem with this thinking is that 1,000 of Forbes 1,000 individuals control ~ $5,000 Billion in personal assets, and when they decide to lighten up 20% on equities, then even if 10,000,000 "average investors" spend their last collective penny buying stocks, it's still not nearly enough to make much difference:
10,000,000 "average investors" * $100,000 of spare yet uninvested cash = grand total of $1,000 Billion, which is clearly an overestimate ...
You guys keep buying, you should ask yourself: who's selling? |
