Cheapest Stocks Fail to Lure as Bullish Signs Mount
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U.S. stocks are almost unchanged in 2010 after falling four months and mutual fund investors have yanked money from equities since May, even as reasons for optimism accumulate.
Almost $57 billion has been withdrawn from U.S. stock mutual funds, the most during any four-month period since 2008, according to data compiled by the Investment Company Institute. Futures on the Chicago Board Options Exchange Volatility Index show concern has never been higher that shares will plunge, Bloomberg Businessweek reports in its Sept. 20 issue.