Equity funds picked up to the tune of $5B last week, perhaps surfing 3 good weeks in the market, perhaps a bit of bond-ennui.
http://www.marketwatch.com/story/do-fund-flows-foretell-a-rally-2012-12-18
On the other hand, maybe times just aren’t bad enough. After any major crisis (2008) the herd will run to safety… but I think it’s human nature (in investing as in life) to (i) get bored of safety, and/or (ii) start to wonder how ‘safe’ it is to shield oneself from the risks and opportunities of life. Most likely (i) is a Darwinian response to (ii). Some folks get bored quicker than others. And some of them bought equity funds last week.
comfort in shadows by JustCallMe_♥Bethy♥_, on Flickr
