Andy and I did a podcast yesterday (well, really a “podcast plus” because it included a couple of pictures too) about the abnormally low investor participation in the stock market rally from the March 2009 lows and what might account for it. Today I saw an article in Investment News that may partially explain investors’ lack of interest. They don’t know the stock market has gone up!
Advisers know that the stock market has been on a tear since bottoming out in March 2009, but good luck convincing the average investor.
According to a survey of 1,000 individual investors by Franklin Templeton Investments Corp., 66% of the respondents said the stock market fell or was flat last year. In fact, the S&P 500 gained 28% in 2009.
Wow. Obviously the mainstream media is not getting this story out and/or the average investor isn’t paying any attention to the business news.
wow