Monday, August 23, 2010

Small Investors Flee Stock Market

Small investors are pulling money out of stock mutual funds and parking it in bonds.

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute,

As Warren Buffet once said, "be greedy when others are fearful" (or something like that).

HT: Craig Newmark.