Year-to-date as of Feb. 13, investors have redeemed more than $60 billion from equity funds. These funds are going into money market funds, despite the the fact that they have falling yields, reports J.D. Steinhilber for Index Universe.
Risk aversion and pessimism has prevailed among the market. Falling home prices, rising food and energy costs and a lackluster employment market are all adding to the negative feelings.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.