Stock buys: Heed neither greed nor fear
Photo credit: iStock | Perhaps the biggest boost to stocks has come from the Federal Reserve, which is likely to maintain its low interest-rate policies (including the monthly purchase of $85 billion worth of bonds) until the national unemployment rate drops to 6.5 percent.
The stock market has been on a roll, reaching new five-year highs and approaching all-time nominal (not inflation-adjusted) highs, which is tempting many investors to jump back into the fray. TrimTabs reports that investors have poured a record setting $55 billion into equity-related mutual and exchange-traded funds in the first four weeks of 2013, but is the optimism warranted?
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