Signs this bull market is running out of steam
This is a very good article about why we are at a stock market top. The volume is low because nobody is laying down a lot of money in today's market. Nimble traders are buying the dips and selling the highs but this would be difficult to do for the average investor. The amount of new money coming into the market is low. Investors are staying in with a certain amount of money because they don't want to miss out, and bonds are not paying much. So, if the market does not fall, the gains will get slimmer and slimmer. PFN, a Pimco stock I own, pays around 9% annually in dividends, and I doubt the market will beat it in the next six months.
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