Virtually every market posted gains last week, including: U.S. stocks, foreign stocks, real estate, commodities, and precious metals – only bonds were slightly lower following three weeks of gains. The markets are well off of their lows. In recent months, market participants’ behavior has been defined by the mantra "anything but cash". Since their peak, money market fund outflows have totaled nearly $500 billion as that cash has been put to work in the markets.

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