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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 19 May 2014 [View all]xchrom
(108,903 posts)25. Wall of Worry Rebuilt as Nasdaq Rout Sends Cash to High
http://www.bloomberg.com/news/2014-05-18/wall-of-worry-rebuilt-as-nasdaq-rout-sends-cash-to-two-year-high.html
Investors are losing their nerve in the stock market amid selling that has sent some industries down the most since 2008. In the past, thats been a signal to buy.
Global money managers raised cash holdings to a two-year high this month and say America is the worst place to invest, a Bank of America Corp. survey published last week shows. Investors have pulled about $10 billion from funds that buy U.S. equity this month, set for the biggest outflows since August, according to data compiled by Bloomberg and the Investment Company Institute.
After embracing stocks last year for the first time since the bull market began, individuals are showing signs of reverting to the skepticism that led them to pull more than $400 billion from mutual funds from 2009 through 2012. While hedge fund manager David Tepper says caution is appropriate now, others consider the lack of exuberance a healthy sign that sets the stage for more gains.
Walls of worry are everywhere, Robert Doll, who helps oversee $118 billion as chief equity strategist at Nuveen Asset Management in Chicago, told Tom Keene and Michael McKee on Bloomberg Radios Surveillance on May 14. This is the least believed bull market that Ive ever seen. From here its earnings, its fundamentals, its can the economy grow? And my guess is the answer to that question is yes.
Investors are losing their nerve in the stock market amid selling that has sent some industries down the most since 2008. In the past, thats been a signal to buy.
Global money managers raised cash holdings to a two-year high this month and say America is the worst place to invest, a Bank of America Corp. survey published last week shows. Investors have pulled about $10 billion from funds that buy U.S. equity this month, set for the biggest outflows since August, according to data compiled by Bloomberg and the Investment Company Institute.
After embracing stocks last year for the first time since the bull market began, individuals are showing signs of reverting to the skepticism that led them to pull more than $400 billion from mutual funds from 2009 through 2012. While hedge fund manager David Tepper says caution is appropriate now, others consider the lack of exuberance a healthy sign that sets the stage for more gains.
Walls of worry are everywhere, Robert Doll, who helps oversee $118 billion as chief equity strategist at Nuveen Asset Management in Chicago, told Tom Keene and Michael McKee on Bloomberg Radios Surveillance on May 14. This is the least believed bull market that Ive ever seen. From here its earnings, its fundamentals, its can the economy grow? And my guess is the answer to that question is yes.
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