FYI: he stock market started February smelling like a skunk and ended the month looking like a phoenix rising from the ashes — and U.S. stock mutual funds followed suit.
U.S. diversified stock mutual funds ended the month with a 0.15% decline on average, extending their 6.25% debacle recorded in January, according to Lipper Inc. To get to near break-even, the funds had to work through a stock market that shaved a 6% mid-month decline in the S&P 500 to a 0.14% loss by month’s end
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/can-stock-mutual-funds-extend-late-february-rally/
