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7 Reasons for Even Higher Stock Prices?

In the face of perpetually bearish news it’s always nice to highlight some of the bullish reasons that might explain the continual price push higher (and even higher).  These 7 points come courtesy of Josh Brown who passes them along courtesy of Schaeffers Research:

Here’s a list of a few of the bigger-picture things I’ve noted recently as reasons to look forward to higher prices.

  • CNBC’s low ratings show no one is interested in this bull market
  • 75% of high school students believe the market is rigged
  • Bill Gross thinks stocks are a Ponzi scheme and the “cult of equity is dead”
  • Short interest is high and rolling over
  • Wall Street strategists are at 15-year lows in stock allocations
  • The American Association of Individual Investors (AAII) sentiment poll just had 13 straight weeks of more bears than bulls
  • There are huge outflows from equity mutual funds in the face of higher stock prices
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