The stock market has a message for individual investors: We miss you
The stock market is missing you. For more than three years, ordinary investors disgusted with wild swings have pulled money out of stocks. They’ve missed a breathtaking bull market: The Dow Jones industrial average has almost doubled from its low point during the Great Recession on March 9, 2009. In the meantime, corporate America has racked up double-digit profit gains. If investors valued stocks at normal historical levels based on profits, we would be celebrating Dow 15,000, not Dow 13,000. But the profit explosion is over, and the Wall Street pros who trade stocks mostly for big institutions and the rich are getting antsy. They’ve been doing the buying. And if Main Street doesn’t join them, the historic rally could slow or even end.