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Wednesday, October 08, 2003
Money Is Pouring Back In
Let me be absolutely clear - money is pouring into stock funds right now, empowering portfolio managers to put money to work aggressively. The sharp bond decline is clear evidence that there is further asset allocation going on from fixed income and into stocks. That is why we've had 5 straight days of gains and why, before long, we're going to see Dow 10K & Nasdaq 2K again.
Posted by Kirk at 7:23 AM in Analysis | Bookmark | Feeds | Link |
