"The Idiot-Maker Rally"

The stock market's rise--especially over the last year or so--has sure surprised me. 

But I'm in good company. 

Comments

[Paul]

In one (if not many) Three Stooges episodes) a service person would ask Larry, Moe, or Curly for a tip....They would always say "Here's a tip for ya...buy low, sell high",

This has been my investing mantra to this day.....

[Mike]

Some factors that have been positive for stocks IMHO:
1) People are finally fed up with effective negative returns on cash and short term bonds
2) Inflation risk of long term bonds is high
3) With increased government size and regulation and who knows whats going to happen in Washington, firms are reluctant hire/invest/create new firms. Established companies benefit from such an environment. These companies have stock that trades publicly.