August 17, 2011
Investors flee stock funds at rate not seen since 2008 panic
NEW YORK — The stock market turmoil caused by the downgrade of the USA's triple-A credit rating caused mutual fund investors to dump U.S. stock funds at a rate not seen since the height of the panic during the last financial crisis in October 2008, the latest fund flow data show.
The S&P 500 was above 1200 for a few hours today but could not stay there.
This comes as a huge shock and disappointment to the followers of the Rubicon cult.
Cheer up! There may be MANY more opportunities to permanently cross 1200 as we usher in a new wave of never-ending debt-based prosperity!
It's impossible to be sad when you listen to this song! You could find out you're going to die in 2 days and your dog could die on that same day but you'd still love life when you listen to this song! :D - Kanine11
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