It’s probably not an exaggeration to say that this is the most hated stock market rally of all time.
The simple facts that the S&P 500 SPX +0.04% is up about 15% year-to-date or that the major indexes are setting new highs should prompt immense celebration across Wall Street.
But there’s no party. Negativity and doubt persist.
I personally believe the front-loaded returns of 2013 are ripe for a brief pullback, but I am very bullish longer term and I’m staying fully invested.
My reasons aren’t particularly unique, but here are the biggies:
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