June 08, 2012
– Comments (1)
Last week, investors pulled a net $8B from U.S. mutual funds and ETFs.
It sounds to me like the current irrational exhuberance is fading.
That is a good sign!
If you have lots of cash on the sidelines, it might be time to put a little of it to work, but be careful! Stick to good companies with a least a 1% yield. There may yet be a few more knives to fall.