Fund investors wary of greed amid U.S. stock rally
Yardeni Research Inc Chief Investment Strategist Ed Yardeni said gains in U.S. stocks might still lure investors eager to profit, but that could push prices beyond reasonable levels and leave them susceptible to cratering in a so-called melt-up.
"We've had no meaningful correction since the beginning of 2016," Yardeni said.
"The market just doesn't seem to be able to go down so the path of least resistance has been up, and that's in the face of a lot of turmoil in Washington and geopolitical issues that have largely been ignored."
The S&P 500 has delivered more than a 16 percent return this year, including dividends, and more than 350 percent since its March 2009 lows.
Lately, though, easily won gains in U.S. stocks have led to a bit more fear than greed among fund https://investors.https://www.investing.com/news/economy-news/fund-investors-wary-of-greed-amid-us-stock-rally-543624