Retail Investors Not Biting
You hear the argument all the time: when the retail investors start buying hard we are at a market top. Well I have argued in the past that you won't be seeing this anytime soon. After the baby boomers getting nailed with the tech bubble, then the housing crash and finally the 2008/9 crash, they aren't going to come back anytime soon if at all. They will buy their bonds and be content.
Lately I have been hearing how the retail investor is back in and, by innuendo, we are at a top. Well we did have a correction earlier and yet we made new highs. Will we run up a little more then come May "go away" (or maybe April wich might be becoming the new May)?
I found this Yahoo article interesting and it kind of debunks what some others are saying: