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The Big Money is selling
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Wednesday, November 25, 2009
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From The Pragmatic Capitalist:

After buying into the rally late last year, institutions have been selling into the rally since August according to the latest investor confidence survey from State Street.

At reading, 100 institutions are no longer allocating capital towards equities and have clearly moved to a more defensive posture since late summer. Investors in Asia have turned decidedly more bearish as...

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