According to Barrons’ Michael Santoli: Reports on the death
of the public stock investor may only be slightly exaggerated. But these
reports have certainly gotten loud, shrill and rife lately.
The Financial Times last week, in a much-discussed page one
tease for a long article about investors' disdain of stocks, asked, "The
Death of Equities?" Like the infamous August 1979 "Death of
Equities" Business Week cover it echoes (which eventually proved a vivid
contrary indicator), the FT piece is more descriptive of risk-averse
institutional attitudes than an argument for why stocks ought to be shunned.
A day earlier, the tech entrepreneur, investor and
basketball-team owner Mark Cuban wrote on his blog: "Say goodbye to the individual
investor on Wall Street. Whatever positive impression they had of the IPO
market and the stock market in general was just torched to the ground."
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