Where Have All The Retail Investors Gone?

Professionals benefiting most from this new bull market… As Pete Seeger might have written it and the Kingston Trio might have sung it in the sixties, ‘Where have stock investors gone, long time passing? Gone to bond funds every one, long time ago.’ Will the last lines to that great folk song also become part of the picture? “When will they ever learn? When will they ever learn?” I bring that up given that investors are still largely missing from the bull market. And as I wrote in my daily blog a few days ago, statistics show that most investors who lose money…
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