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Steve in the WSJ

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August 21, 2013: “[Retail] investors are behaviorally doing the exact opposite of what they should be doing,” said Steve Blumenthal, whose advisory firm manages $550 million for investment advisers and retail clients. “Emerging markets have perhaps the best valuation level of any of the markets, but they’re in a selloff.”

Full article titled “Mom-and-Pop Investors Bolt Emerging Markets – Since Start of June, $18.1 Billion Pulled From Emerging-Market Bond Funds“.

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