December 4, 2011 |
Past Issues |
Lots of attention has been paid this year to the fact that investors are yanking billions after billions out of mutual funds that invest long-term in domestic stocks. June: $20.4 billion out. July: $20.2 billion out. August: $26.3 billion out.
In the last four reported weeks: November 2: $3.3 billion out. November 9: $3.7 billion out. November 16: $135 million out. November 22: $3.7 billion out.
It's been trumpeted before. What happens now? Or, in 2013.
PHOENIX, Ariz. He blew right by me. On one leg.
It was Sunday morning. Mountainview Road. I was headed to Fountain Hills, to cycle its 10 and 18 percent grade hills. Thats 10 and 18 feet up, for every 100 feet forward. Steep.
But this was on the flats. And I didnt even see him coming.