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[DonBart]

an interesting observation from Between the Hedges blog... http://www.hedgefundmgr.blogspot.com/

"US stock mutual funds have seen outflows for most of the past 5 years, there has been an explosion in low correlation/negative correlation US stocks strategies, there a huge spike in gauges of investor anxiety over the last couple of years on relatively mild market pullbacks, a fairly large chunk of the public generally hates US stocks and says they won’t ever invest in them again, the mainstream press obsesses with what is wrong and what could go wrong and long-term investors are denigrated, while day-trading is championed as a crash is always seen as just around the corner."