May 04, 2012 at 13:18 PM EDT
COLUMN-Is hot money heading the wrong way?
CHICAGO, May 4 (Reuters) - Troubles may dog the euro zone, but in the U.S., stocks are on an ascent, with the S&P 500 up about 12 percent in the first quarter. Apart from employment and housing, there's plenty of evidence that the U.S. is in a meek recovery, which means that most of the hot money for short-term, high-yield investments may be headed in the wrong direction.
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