FYI: It’s a bearish sign that so many advisers are declaring that we’re now in a “stock picker’s market.”
That’s because fewer and fewer stocks participate in a bull market as it approaches its top. Advisers therefore find it increasingly difficult to identify stocks that will keep up with the market, much less beat it.
By telling their clients this is a “stock picker’s market,” these advisers think they are distinguishing the investment environment from other periods in which the majority of stocks participate in the market’s major trend. Little do they appreciate that, in effect, they are also declaring the bull market to be getting extremely long in the tooth.
Regards,
Ted
http://www.marketwatch.com/story/heres-one-bear-market-sign-youve-never-seen-before-2015-06-23/print
