As I have stated over and over since June, the recession is over and the boom has begun. I summarized things here just last week. Now what am I seeing that so many others are not? But an even more important question is asked by cnbc.com in a story today.
"What do millionaires know that we don't? Optimism hits high"
"The Spectrem Group's Millionaire Confidence Index, which measures the investment outlook of the wealthy, reached its highest limit in its 9½-year history. After bumping along in single digits since the recession, millionaire confidence suddenly spiked to 23."
"Basically, that means millionaires—those with $1 million or more in investible assets—are poised to move some of their huge piles of cash off the sidelines and into the market. The last time the index hit 23 was when it launched in 2004."