Despite bull market, investors remain wary of stocks
Despite a three-year bull market that’s more than doubled the value of the Dow Jones industrial average, investors aren’t feeling bullish. That’s because the memories of two bear markets over the past decade are hard to forget. While the number of American households invested in mutual funds remains roughly the same as it was before the crash, few can stomach risk. Since the bull market began in March 2009, individual investors have pulled $153 billion out of stock funds, while investing $774 billion into bonds funds.