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August 23, 2010

All Business: If smart money left stocks, where is it?

AP Business Writer

NEW YORK — The smart money has moved away from stocks. So is the era of stock investing over?

It's too early to tell, but one thing is certain: “Money goes where it is treated best, and that hasn't been in stocks,” says Wade Slome, who advises high net-worth investors and runs a hedge fund at his firm, Sidoxia Capital Management in Newport Beach, Calif.

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