More Than Just SkintMichael Panznerupdated Apr 23, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. In spite of the relentless cheerleading by Wall Street "strategists" and other alleged experts, many Americans have refused to play along with the "it's a bull market" song. A chart at Zero Hedge, which has for some time been chronicling the exodus by small investors from the U.S. equity market, reveals in colorful detail just how disinterested they have been: An article in the New York Post, "No-Confidence Vote: Main Street Shunning Markets," offers a few explanations as to why individuals have been unwilling to jump on the train, including the fact that so many are, as the British slang expression goes, skint:“I think most people are taking money out of these funds because they either need the money to live — because they’re out of work or underemployed — or they’re supporting their kids, who are out of college and not getting jobs,” Mogavero said. “There is also a fear factor about the economy that is causing them to keep money in the bank and out of the markets.” Still, given my inherent cynicism -- yes, it's true -- I can't help but think that the view espoused by an Instapundit reader, who is apparently a professional money manager, ironically enough, represents a more accurate assessment of what's been going on: Professional financial market activity is also way down these days. The drop in volumes is damning. The Fed’s financial repression – forcing market yields below inflation – is one reason. The tsunami of administration diktats is another. And the Chinese-style theft of customer account capital by John Corzine and JP Morgan is the last nail in the coffin. The economics of investing make little sense, and even if you can thread the needle of profitability, you risk having your property seized by regime buddies. Why do anything with your money but stash it under the mattress, or try to get it offshore?”Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.