Power Breakfast: Small investors miss Dow rally, Clayton mass transit, Southern Co., lottery, Social Security
The big business news yesterday was the Dow hitting 10,000 for the first time in a year.
But there’s an interesting story in the Washington Post today about small investors missing this rally.
Still shell-shocked from the ravaging of their retirement accounts during the financial crisis, mom-and-pop investors remained cautious as the Dow soared 53 percent from its March 9 low to Wednesday’s closing price of 10,015.86, the Post writes.
The likely drivers of the rally are instead institutional investors such as large pension funds and hedge funds, market analysts said. And in interviews over the past two weeks, fund managers and financial advisers said most small investors have only recently begun to talk about getting more aggressive with their beaten-down portfolios.
In the AJC:
- Clayton looks to legislature to save bus service
- Three Southern Co. workers killed in crash
- Georgia lottery chief to lead international group
- Carter Real Estate opens New York office
- Suwanee inventor pins hopes on hot dogs
In other media:
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One comment Add your comment
clyde
October 15th, 2009
7:52 am
Are we now at the beginning of the next boom and bust?Stock market up,oil up.I’ll wait awhile longer,I think.What’s the low interest rates going to do to the life insurance business?It looks as if the U.S.won’t be top dog in the new surge.