General Stock/Equity Retreat...

  |     |   1,853 posts since 2010

From Boston Globe/AP (

AP IMPACT: Ordinary folks losing faith in stocks - Business -

‘‘You have to trust your government. You have to trust other governments. You have to trust Wall Street,’’ says Neitlich, 47. ‘‘And I don’t trust any of these.’’

"Defying decades of investment history, ordinary Americans are selling stocks for a fifth year in a row. The selling has not let up despite unprecedented measures by the Federal Reserve to persuade people to buy and the come-hither allure of a levitating market. Stock prices have doubled from March 2009, their low point during the Great Recession.

It’s the first time ordinary folks have sold during a sustained bull market since relevant records were first kept during World War II, an examination by The Associated Press has found. The AP analyzed money flowing into and out of stock funds of all kinds, including relatively new exchange-traded funds, which investors like because of their low fees.

‘‘People don’t trust the market anymore,’’ says financial historian Charles Geisst of Manhattan College. He says a ‘‘crisis of confidence’’ similar to one after the Crash of 1929 will keep people away from stocks for a generation or more."


Andrew Neitlich, who is a financial stock-picker during the era, now has 12% of his $800K portfolio in stocks.  That is extreme.  He is not in the minorty, either.  Either the stock market is approaching to the end or it is the beginning of a great bull market (from the contrarian perspectives). 



  |     |   4,118 posts since 2010
‘‘Fed policy is trying to suck people into risky assets when they shouldn’t be there,’’ says Michael Harrington, 58, a former investment fund manager who says he is largely out of stocks. ‘‘When this policy fails, as it will, baby boomers will pay the cost in their 401(k)s.’’

That says it all.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.