Money Columnist David Nelson to Malzberg: Investors Still on Edge Despite Stock Market Rally

Tuesday, 05 Mar 2013 05:38 PM

By Bill Hoffmann

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Despite Tuesday’s record-setting rally, individual investors are still worried about sinking their cash into the stock market, Newsmax money columnist David Nelson says.

“They’re uncomfortable and you have to remember a lot of individual investors, they sold out probably close to the bottom in 2008,’’ Nelson told Steve Malzberg on Newsmax’s “The Steve Malzberg Show.’’

“It’s pretty difficult to put your money back in the market after a large gain like we had in the last several years. Even institutions, by and large, have not participated in the bull market we’ve had the last few years.

Watch Steve Malzberg 3-6 PM ET at http://www.newsmax.com/live or listen on SiriusXM Satellite Radio America’s Talk 166.

Institutional investing is also not what it was in the past, either.

“A decade ago, institutions had about 50 percent of their money in stocks. Today, it’s probably only 25 percent and they’re probably being drained,’’ said Nelson, chief strategist for Belpointe Asset Management and a Moneynews contributor.

“We’ll see what happens with the individual investor. It’s going to be a while before they come back.’’

Nelson added that the Fed’s policies are a big part of the rally, which comes on the heels of sequestration.

“We can debate as to whether or not the Fed actions, what they’ve done, is it correct for America in the long run,’’ he said.

“But nevertheless they’ve done it, and they’ve made really stocks as an investment class probably the only place investors can put money right now. They certainly can’t put it into bonds.’’

Watch Steve Malzberg 3-6 PM ET at http://www.newsmax.com/live or listen on SiriusXM Satellite Radio America’s Talk 166.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obama Appointee's Group Accused of Illegal Politicking

Friday, 19 Dec 2014 19:09 PM

A nonprofit group run by an Obama administration appointee may have supported Democratic mayoral candidates in Californi . . .

Rep. Erik Paulsen: Obamacare About to Hit Every American

Friday, 19 Dec 2014 18:41 PM

Minnesota Rep. Erik Paulsen says that every American is about to feel the effects of Obamacare when tax season hits in 2 . . .

Wash. Post: Blue States Shedding Gov't Jobs Faster Than Reds

Friday, 19 Dec 2014 18:30 PM

While total government employment nationwide continues to shrink, it turns out that solidly Democratic states are sheddi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved