As usual it will be so called "mums and dads" and in this case grannies that lose the most.
With strategists from Wells Fargo and elsewhere confirming that funds are buying to "rebalance their portfolios" from bonds back to stocks it is my expectation that many others also jumped on this bear market rally.
To argue that fund managers "needed" to rebalance points to abject failure in the manner in which many funds operate.
