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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (3122)1/31/1999 9:21:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
I2: "NEW YORK -- U.S. investors pared the amount of money they put into stock mutual funds by 30 percent last year and increased their allocations to less risky fixed-income funds. The Investment Company Institute reported that a net $158.8 billion was invested in stock funds last year, down from a record $227.1 billion in 1997. At the same, investors almost tripled the amount of money they devoted to taxable and municipal bond funds."

Interesting. Bob (the real "Bob") made a good point about how last year there was a three to four month distribution period in the market with fat institutions selling their line. Maybe the past few months has been just the opposite with fat boys putting back what they took out only more quickly on top of the usual seasonal money flow -- from low life individual investors like myself -- thus causing this melt up.