Stocks in the S&P 500 are now at record low valuations; the market trades as cheaply as it did in 1980 as measured by price-to-earnings, or PE, ratios, trading at a PE ratio of 15.4 times earnings.
While retail stock investors have largely been stuck on the sidelines, the stock market has made new highs. But despite the upward surge, things aren't as rosy for Wall Street as one might suppose.
Although individuals have added almost $20 billion to U.S. stock funds so far this year, the amount is just 3.5 percent of the withdrawals since 2007,
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