People are smartening up...

Even the Little Guy Now Realizes that the Stock Market is Gamed, And Many Are Pulling Out Entirely

As I noted in January:

Joseph Stiglitz says that Wall Street is hyping up the economy to sell more stock.

Has it worked?

Well, the stock market certainly has rocketed up from its March lows.

But many investors are still avoiding equities.

As Vincent Deluard - a strategist for TrimTabs Investment Research (25% of the top 50 hedge funds in the world use TrimTabs' research for market timing) - says:

We've never seen this before – such a huge rally, and the little guy is out.

In other words, the stock market rally is due almost entirely to hedgies, pension funds, banks and other institutional investors, and not every day investors.

Link:
http://www.washingtonsblog.com/2010/09/even-little-guy-now-realizes-that-stock.html