Great Caesar's Ghost! The US
individual investor is taking his money and running for the exits. Everyday shareholders can’t compete with
high-frequency trading or the regulations coming out of the Dodd-Frank rules,
which ironically were enacted to inspire confidence in the market the NY Post
reports.
Skittish investors have yanked more than $300 billion out of
US equity markets in the last two years, with a drawdown of $4.47 billion last
week alone. That’s despite the huge
climb in the Dow Jones industrial average since its depressionary low of 6,547
in March 2009.
A huge signpost on the road out of equities was the
announcement late last week that Fidelity — the home of rock-star stock pickers
like Peter Lynch — now has more than half of its customers’ $1.6 trillion
assets in bond funds….
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