‘Mutual Fund’ Google Searches At 4-Year Low
/ TweetIt rained all weekend in the Chicago area. That’s my excuse for why I ran a Google Trends search on “mutual funds.”
I really was just wasting time on Google Trends. It was idle curiosity that drove me to see how “Lehman” searches spiked recently and I also ran a Bear Stearns search, both just to confirm my suspicions that they’d probably enjoyed relative search obscurity until this year.
But then I ran a “mutual funds” search. Early Saturday morning, I’d read a Wall Street Journal article about the “ostrich effect,” which quoted Vanguard as reporting that their mutual fund shareholders checked their account values far less often in June than they did in mid- to late 2007, when the market was up.