Wall Street Journal: U.S. Stocks Slide & Focus on 'Fiscal Cliff'
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The New York Times floated a few possible explanations in a long article, and Josh Brown adds his thoughts in a good post as well.
Is it because the U.S. has been approaching (and have now begun) the boomer retirement, driving more flows into bonds and less to equities and equity ETFs
Or could it be that many Americans just don't trust the markets - with all the corruption on Wall Street, our government, ....?
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The Securities and Exchange Commission recently opened a preliminary investigation into JPMorgan’s accounting practices and public disclosures about the trades, according to people briefed on the matter, who spoke on the condition of anonymity because the case is not public. Regulators learned about the activities in April, and formally opened an investigation in recent days, the people said.
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