This is the 27th consecutive week of domestic fund outflows, commencing with the May flash crash, and resulting in $85 billion in retail outflow YTD. It appears that neither circuit breakers, nor the Bernanke put have made any impression on investors, who continue to prove that the general American public (with a little guidance) is smarter than what the government, the Chairman, and the CNBC production crew give it credit for.
No comments:
Post a Comment