Recent research by a market insider suggests that funds haven't been the recipients of a large percentage of recent buying by the aforementioned houses.
So the question becomes, if the funds aren't buying, who is?
RUF
PS: I talked to an investor today that said his 13 year old grandson was loading up through his E-Trade account. Maybe all this buying is out of the "public school" sytem, after all their "computer literacy" is miles ahead of the baby-boom crowd and you certainly don't need a high-school diploma to to recognise a Mother-lode!
Most seniors are struggling to retire at 65, (Just check out the greeters at Wally Mart or the Casino staff in Vegas!) this kid may do it before he's out of his teens!