from The Daily Bell:
Big money flowing into stock, bond funds … Go with the flow: Investors added a record amount of cash to mutual funds in the first quarter. Stock and bond funds attracted a combined $193 billion, industry consultant Strategic Insight said. That tops the previous record of $140 billion in net deposits in the first quarter of 2007. ETF cash haul: Including exchange-traded funds, net deposits into funds totaled $246 billion in the first three months of 2013, also a record … Net deposits into conventional mutual funds and ETFs totaled $246 billion. The previous record of $173 billion was set in last year’s first quarter. This year’s figures suggest that investors are getting comfortable with stocks again after the financial meltdown and market plunge of 2008-2009. – AP
Dominant Social Theme: Let the good times roll.
Free-Market Analysis: The mainstream media is filled with reports of stock markets moving up and precious metals moving down. One would think the bad times were over and the good times had begun again.
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