Now is a great time to catch the next rally up!
The Dow nearly at 15,000; the S&P at 1600. U.S. stock indexes are a day’s rally from yet another record close—and another plug on the nightly news. Nobody much cares.
So describes this peculiar bull market: consistently up, consistently making new milestones, but consistently not front and center. Maybe that’s not such a bad thing.
“One of the things which has impressed me about this rally has been how methodical and boring it’s been,” says Jim Paulsen of Wells Capital Management. “It never goes up a lot on any single day but is up a lot, looking back. There is still more attention devoted to a day when the market is off a little bit than there is when it reaches another all-time new high.”