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SMALL INVESTORS ARE PILING INTO STOCKS

Small investors are knocking eachother down trying to get into equity mutual funds as the rally picks up momentum.  Equity funds added a sizable $13.6B for the week ended May 3rd after adding $4.63B the previous week.   As we pointed out before, small investors have timed this market wrong at just about every juncture.  The fact that they’re piling into stocks right now can’t make the smart money feel good about their bets….

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