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Re: Investors Exit Stock Funds 

By: oldCADuser in FFFT | Recommend this post (2)
Sat, 14 Jan 12 1:12 AM | 55 view(s)
Boardmark this board | Food For Further Thought 		Msg. 38065 of 65535
(This msg. is a reply to 38060 by killthecat)
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What did we expect...

After all, people can no longer depend on leveraging the equity in their homes as if it were a pre-paid credit card.




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The above is a reply to the following message:
Investors Exit Stock Funds
By: killthecat in FFFT
Sat, 14 Jan 12 12:43 AM 		Msg. 38060 of 65535

BOSTON (AP) — The stock market ended up going nowhere in 2011, and investors continued to hit the exits. For the fifth year in a row, they withdrew more cash from stock mutual funds than they put into them.

Industry consultant Strategic Insight said on Friday that investors withdrew a net $85 billion from U.S. stock funds in 2011. There's been an outflow of money for eight consecutive months, and December's net withdrawals totaled $24 billion. The retreat from stock funds came as the Standard & Poor's 500 index ended 2011 almost exactly where it started.


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