The dumb money may be getting smarter. This article discusses retail investors', frequently referred to as the 'dumb money', performance in the last month. The article Credits this group of investors with making astute decisions as they chose to not continue to ride the bull market and dumped top performing large cap stocks like Dell in favor of smaller, dividend payers. This move was unusual for retail investors as they usually get caught up in the euphoria of a bull market and continue to buy growth oriented, riskier securities until there is a major pullback. The move proved particularly wise as stocks stalled at the beginning of April and treasury yields fell, making dividend paying securities a good place to be. My question to you guys is do you think this good judgement on the part of retail investors is an aberration or are common investors actually getting smarter?
http://www.cnbc.com/id/100624266
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