Biotech Values

[DewDiligence]

These kinds of headlines in the WSJ (and other mainstream publications) make me somewhat more confident that the bull market in stocks will continue:

http://online.wsj.com/article/SB10000872396390443890304578010500821461868.html

Despite Gains, Many Flee Stock Market

Even as stock indexes have doubled in value since the market low in March 2009, investors have yanked a net $138 billion from mutual funds and exchange-traded funds that invest in U.S. stocks, according to the Investment Company Institute, a mutual-fund trade group. Investors over the same period put $1 trillion into bond funds, a traditionally lower yielding but safer investment.
It marks the first time since 1981 that investors have pulled money from U.S.-stock funds for more than a year at a time.

Compare the above to the article from 2010 in #msg-51844154.