Okay, so retail investors did not totally miss this wild bull market (S&P up about 30% from Oct.4, 2011, lows). Again, retail investors have been yanking cash from U.S.-focused equity funds in favor of hybrid funds, bond funds, and, smartly, indexed ETFs.
That said, Leuthold (as I wrote recently I have been wading through Leuthold's monthly gi-normous Green Book, 78 pages of heavy quant but also surprsingly funny, where possible. For an institutional research periodical, the researchers have personality!) ...More