Sunday, September 30, 2012

US investors yanked $300B out of equity markets in last two years



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….

Read all about it at http://www.nypost.com/p/news/business/equity_exodus_eJWHvLHJkaZ5p36iU96PpJ

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