By: Frank Holmes (Guest Post)
Call it choppy, volatile, fickle or lively, market action continued to disappoint this week. Frightened investors pulled out more than $40 billion from long-term mutual funds for the week ended August 10, according to the Investment Company Institute. The eurozone crisis fueled the outflows as economic growth figures for several eurozone countries disappointed –a hard trend to break given the austerity measures being implemented. Relatively, U.S. stocks have only suffered a fraction of the pain (down roughly 5 percent year-to-date as of August 16) felt by investors…
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