The stock market is reaching toward new highs on the fourth anniversary of the financial crisis, but many people refuse to be lured back.
Even as stock indexes have doubled in value since the market low in March 2009, investors have yanked a net $138 billion from mutual funds and exchange-traded funds that invest in U.S. stocks, according to the Investment Company Institute, a mutual-fund trade group. Investors over the same period put $1 trillion into bond funds, a traditionally lower yielding but safer investment.
It marks the first time since 1981 that investors have pulled money from U.S.-stock funds for more than a year at a time.
So lets call this for what it is..A day to day Casino. The FED owns this mess and they can swing it anyway they choose as the HOUSE! always wins.
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