Uncertainty of Economic Recovery Has Small Investors Fleeing Stock Market

stock market

Small investors pulling money from mutual funds.

Renewed economic uncertainty is testing Americans’ generation-long love affair with the stock market.

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.

 

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Shifting Tides Ahead After Financial Titans Fall

 Shifting Tides Ahead After Financial Titans Fall

Conspiracy theories, both real or imagined, will soon run rampant

The credit crisis shaking the global economy is forcing a dramatic reconfiguration of Wall Street, where the financial industry in recent years has been driven to take ever-greater risks on increasingly esoteric investments. The fragility of Wall Street’s architecture was exposed this week when two icons of investment banking and the world’s largest insurance company were fed into the maw as their competitors pushed for a historic government bailout to help salvage their own shaky businesses.

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Chinese Investor Pays $2.1M to Eat with Warren Buffett

 Chinese Investor Pays $2.1M to Eat with Warren Buffett

Buying time with a rich guy just got more expensive

A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.

Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a bid of $2,110,100.

 

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Warren Buffett: There’s Folly in Wonderland

billionaire investor Warren E. Buffett

The billionaire investor Warren E. Buffett disclosed Friday that he had earned profits for shareholders of Berkshire Hathaway by speculating in the Brazilian currency, the real, and by buying a large stake in a French pharmaceutical company, Sanofi-Aventis.

He also complained that many other companies were overstating earnings, and he expressed puzzlement that their auditors let them get away with it.

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