Global equities funds saw $3.5 in net outflows
Investors in junk bond funds withdrew $2.1B from the funds -- in a single day. As one portfolio manager sayd: 'There's clearly a panic going on in the market.'
Retail investors may be fleeing stocks, but corporate executives are purchasing shares of their companies like mad. This may be the surest sign of all the market freefall is near an end. | <a href=http://www.investmentnews.com/article/20110811/FREE/110819980>Bottom's up? Stocks on a tear</a>
Prediction of slow growth and high unemployment validated by yesterday's Fed announcement
Billionaire going bargain hunting amid market turmoil; knows a thing or two about distressed assets
If these Brainiacs are right, now would be a very good time to start buying equities
Critics are not happy with S&P's historic lowering of the U.S. credit rating. They claim the decision is based more on politics than finances. And an alleged $2 trillion 'basic math error' in calculating the government's deficit has not exactly boosted confidence in the rating agency's decision.
The ongoing stock market sell-off, sparked by the deficit debate and the subsequent U.S. credit downgrade, is pulling down the prices of even the bluest of blue-chip stocks. No wonder so many investment managers are exhorting their clients to buy, buy, buy.
Warren Buffett roundly disagrees with S&P's lowering of Uncle Sam's credit rating, stating that the United States deserves 'quadruple A' status.
The downgrade of the U.S. credit rating sent investors stampeding out of equities today. What classifies as a 'stampede'? The Dow was down 632 points.
