This quarter is one for the Wall Street history books — stocks are on track to post their best quarter since 2009 and best start to a year in more than two decades. However, investors shrugged it off.
In fact, investors pulled $5.6 billion from stock funds in the first quarter while pouring $94.2 billion into fixed-income funds, according to Bank of America. Recession fears have been reignited recently, as weak economic data roll on and the bond market is flashing the biggest recession signals since before the financial crisis, driving investors away from risky bets.
Nicholas Colas, co-founder of DataTrek Research, said investors shouldn't buy the comeback, calling this year's rally "a January effect on steroids."
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Those are smart investors. On the other hand smart traders will be short.
Does anyone take into account the market bottomed around the 1st of the year?
Gonna lose their ass. republicans and a republican president caused the great depression ! same policies going on now ! anyone remember ?
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