Wall Street and Main Street Bail on Stocks With Fed Enemy No. 1
- Day traders dump shares, spend record amount on put options
- Hedge funds cut equity exposure to lowest since at least 2010
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The Federal Reserve isnât done tightening the screws on the economy -- and doesnât care what that does to your portfolio.
It took six months, but that message is getting received loud and clear in the stock market, day by day. From retail traders to smart-money speculators, virtually every constituency on Wall Street is pulling up stakes.