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Article: Foreign Investors Gave Cold Shoulder To U.S. Stocks During First Quarter
- Article from:
- The Washington Post
- Article date:
- June 2, 1988
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Foreign investors, who dumped U.S. stocks after the October
market collapse, moved to the sidelines during the first three months
of this year, where they have been watching and waiting-but not
investing.
The recent slowdown has been in marked contrast to the feverish
activity during the final quarter of 1987, when panicky foreign
investors were net sellers of $7.2 billion in U.S. equities. After
the markets settled down, foreign investors were no longer selling
much. But they weren't buying much, either.
"People are loath to do anything," said Peter Pejacsevich, senior
vice president of Bessemer Trust Co. in London. Foreign investors,
he said, were worried about whether U.S. inflation ...