$12.7 billion left stock funds (which marked the 12th consecutive month of net withdrawals).(1)
Citations.
1 - www.reuters.com
News Summary: Exit from stock mutual funds in Aug
STOCK AVERSION: Investors in August withdrew more from stock mutual funds than they deposited into them
Net withdrawals from U.S. stock funds totaled $11 billion, industry consultant Strategic Insight said Thursday. It was the sixth-consecutive month of net withdrawals.
then who is propping up the stock market?..
it is bad when an individual market such as housing or tech is turned into a bubble by investors..
but potentially devastating when it is done to the market in general..
Do you think the Obama Administration knows that turning the market into a "bubble" is not sound fiscal policy..