Oct
16th
Fri
16th
Bonds vs Stocks: 18-1
After getting burnt twice in 10 years, Americans invest in bonds and avoid stocks:
As the Dow posted its steepest advance in seven decades to rally above 10,000, investors were pouring money into bonds. The nation’s fixed-income funds have attracted 18 times more money than stocks in 2009, even as the measure surged 53 percent after sinking to a 12-year low in March, according to data compiled by Morningstar Inc. and Bloomberg.
Americans who stashed $1.45 trillion in money-market accounts in 2007 and 2008 as the financial crisis intensified have redeployed a quarter of that cash.
Source: U.S. Stock-Index Futures Decline After Goldman Sachs Earnings - Bloomberg.com
