Posted: Dec 27, 2012 10:45 AM by Associated Press
NEW YORK (AP) - Ordinary Americans are losing their faith in stocks: For the fifth year in a row, they are selling their holdings.
An analysis by The Associated Press finds that individual investors have pulled at least $380 billion from U.S. stock funds since April 2007. That is equal to all the money they put into the market in the previous five years.
The pullback has spread to public and private pension funds, brokerages and state and local governments.
And the selling has not let up despite a doubling of stock prices since March 2009.
It's the first time ordinary folks have sold during a sustained bull market since relevant records were first kept during World War II.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties