Wednesday, May 28, 2014

Stock Market: Why The Pundits Hate The Rally

(Drivebycuriosity) - This week the US stock market reached a new all-time high. But the rally doesn`t get much love. Quite contrary, many pundits are complaining and are badmouthing the stock market gains.

Take for instance Joshua Brown, a New York City-based investment advisor and owner of the influential blog "The Reformed Broker" (thereformedbroker). Joshua must hate the smooth rally. Who needs a pundit when almost every paper on the stock market is climbing smoothly? Who needs his sophisticated and experienced advice when indices like S&P 500 reach all-time highs? Why paying a pundit when Joe Sixpack, who invests in a simple S&P 500 ETF, gets richer and richer?

Poor Joshua.

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