The Slow Unraveling of the “Fear Trade”

In less than one month, the S&P 500 lost $2 trillion in market value. That’s actually a lot of money. But let’s look at the past week: stocks are up, bonds and gold are down. In other words, investors are slowly tip-toeing out of the places that they madly rushed into over the past four weeks. I’m impressed that this is happening before Hurricanes Ben and Irene are scheduled to strike.

Posted by on August 25th, 2011 at 2:01 pm


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