Although stocks didn’t rally until the fourth quarter of this year, that momentum could continue into 2011, according to The Wall Street Journal’s “Heard on the Street” column Wednesday. Thus, the two-year-long aversion to stocks and stock funds could finally be coming to an end.
Improved economic news has boosted both the Stoxx 600 index in Europe and the Standard & Poor’s 500 to more than 11% year-to-date. And investors have followed suit. In the past month, investors have placed $28 billion into equity funds and withdrawn $6 billion from bonds.