Over the past ten years investors have been battered by the dotcom bubble(off over 50%), 9/11 (off over 25%), the credit crisis bubble(off 50%), the crash of commodities(down 25%) and now the government debt downgrade together with a dire European sovereign debt crisis(down 20-25%). Nor have we ever gotten back to the all-time peak of the Dow Jones industrial average of 1410, set in October, 2007. It's no surprise that investors are fleeing equity mutual funds and shoved $50 billion of their savings in money market funds yielding zero laast week. Zero is once again again preferable to losing money.
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