People who continue to invest in the market obviously feel that the market is not too high relative to their other investment opportunities. If you think about this relationship, you can see why low interest rates tend to stimulate the stock market. Of course, the opposite holds true as well. Maybe there should be disclosure laws for people who make predictions. If a person had to disclose his past predictions' track record, I'm certain there would be far fewer predictions.
Shame can be a powerful disincentive.
A former professor of economics, Ron Ross is a financial planner with Premier Financial Group, Eureka.