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The Boston Globe

Business

Investors’ bets on bonds may go too far

The big story in the markets last year was not about stocks.

Americans sold off their stock mutual funds, the most popular way to invest in US companies, at the fastest clip since 2008, the year the financial crisis began. That occurred despite the fact the stock market rose steadily; the benchmark Standard & Poor’s 500 index ended the year up 13.4 percent.

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