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Thursday, July 11, 2013

Individual Investors Buying High and Selling Low...Again ?

Bloomberg July 3, 2013

Bond Funds Losing $60 Billion Foreshadow Risk of Fed Exit

Investors have pulled about $60 billion from U.S. bond funds since Federal Reserve ChairmanBen S. Bernanke rattled markets by outlining his plan to end the central bank’s unprecedented asset purchases.....
Retail investors, who fled volatile stock markets to pour about $1 trillion into the perceived safety of bond funds since the beginning of 2009, reversed that pattern in the past month in anticipation of rising rates.

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