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Carrick on money: Is dumb money charging into the stock market?

Horses charging.

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Dumb money charges into the stock market
That's the cynic's interpretation of the rush of investors into the stock market in recent days. But it turns out that the recent rally in stocks has been driven just as much by big market players like pension plans and insurance companies.

The recession of 2013
Slow global economic growth, growing government austerity and high levels of household debt will combine to produce a modest recession in Canada this year. The housing market won't help, either.

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Seven personal finance sins
This is a good collection. I like Number One, using your bank as a surrogate adviser, and Number Three, rolling the dice in hiring an adviser.

Baby, what's that fragrance?
Introducing a $45 perfume for babies from Dolce & Grabbana. It's "designed to cuddle and pamper every little boy and girl."

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More money
Join the 19,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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