Below is an email I received from Morningstar. So, let's see. The stock market has climbed back to its 2007 highs last week and yet investors, retail investors, continue to yank money out of stock funds. Amazing...
A while ago -- admittedly a long time ago -- hedge fund customers had all the fun. Investors obtained their non-correlated giggles through diverse strategies such as trading around mergers, following futures markets trends, pitting long equity...
ETF liquidity, electronic trading and rogue algorithms all came under renewed scrutiny in the wake of the Knight Capital debacle. But the pundits got it wrong: The ETF market is liquid and sound.