"The Federal Reserve's Jan. 22 emergency rate cut arrives at a time when investors are rapidly running away from stocks, a sign of plummeting confidence in both the economy and the market.
Last month, investment researcher Morningstar (MORN) says, investors pulled a net $27 billion from equity mutual funds, the biggest outflow of funds since July, 2002. Only halfway through January, investors had already yanked another $36 billion from equity funds, according to TrimTabs Investment Research."
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