Those who followed the adage missed a 7% increase in the S&P 500 since April 30
Chairman and CEO of Silvercrest Asset Management, which advises families, endowments, foundations and other institutional investors and had $14.6 billion under management, had raised more than $1 million for the Robert L. Fine Cancer Research Laboratory Foundation.
Balanced funds recording record inflows as non-institutional buyers cautiously embrace stocks
Repurchases seen as providing support for stocks.
Facebook Inc.'s 6.3% drop yesterday, after the end of restrictions on share sales by its biggest investors, was the second-largest post-lock-up decline among companies that have gone public since January 2011.
