A short piece from Andrew Sorkin of the New York Times explains in his DealBook column why American investors are giving up on US equities. From the article titled "Why Are Investors Fleeing Equities? Hint: It's Not The Computers"
Let me offer a more straightforward explanation of why investors have left the stock market: it has been a losing proposition.
His letter came after he had sent a Twitter post that read: “Boomers can’t take risk. Gen X and Y believe in Facebook but not its stock. Gen Z has no money.”
An entire generation of investors hasn’t made a buck. “The cult of equity is dying,” Bill Gross, the founder of Pimco, wrote in his monthly letter last week. “Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well,” Mr. Gross wrote.
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