Investors have fewer deep value stocks to pick from after the latest rally.
Retail investors had enough of the bear market by late June when the S&P 500 bottomed at below 3700. From there, the index rose for several consecutive days. Each pullback ended quickly as more buyers bid stocks higher.
Fearful investors who waited for a stock market crash missed out. In the last two months, the summer rebound erased the technical bear stock market.
Income investors need not time the market as traders do.