Bubble Warnings Go Unheeded as Everyone Is a Buyer in Stocks
- S&P 500 rally is fastest this far into a cycle in nine decades
- Investors double down on stocks while corporate buybacks jump
Photographer: Johannes Eisele/AFP/Getty Images
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The American love affair with stocks is deepening as everyone from frenetic day-traders to staid institutions dive further into the market.
Equity funds are drawing fresh money at an unprecedented pace and hedge funds are boosting their stock exposure to a record. Companies themselves are re-emerging as big buyers, with share repurchases doubling from a year ago.