WSJ reports:
Retail investors are sometimes characterized as the worst kind of investor, because they’re more likely than not to buy aggressively when share prices are high, only to panic when the market sells off dramatically. Whatever their faults, they’re not as bad as U.S. corporations.
Share repurchases by components of the Standard & Poor’s 500-stock index fell to lowest level in the fourth quarter of 2008 since the third quarter of 2004, according to S&P, as companies retreated into a hole, preserving cash as the market tanked.
Is the Wall St. Journal ripping you off?
ReplyDeletehttp://online.wsj.com/article/SB123836455263367313.html
The editorial is... suspiciously similar.