At War Blog: Remembering Chris Kyle, a Deadly American Sniper

In the fall of 2006, my infantry platoon gathered in a dusty patrol base in Baghdad to watch our own being killed in fuzzy, pixilated video clips. An insurgent sniper named Juba was terrorizing Baghdad with precise and methodical shots at allied troops, and it was all captured on film. A soldier in a turret falls in a puff of smoke. Another soldier standing along a road is shot in the head.

“Don’t let this be you,” our platoon sergeant said, and we headed out for another patrol.

No one knew if Juba was real or a myth. He was a European mercenary or a Syrian jihadist, depending on whom you asked. For American troops, Juba was a terror, but for the insurgents, he must have been a comforting legend.

Chris Kyle, a former Navy SEAL who was killed Saturday along with another man at a gun range in Texas, was our Juba. Mr. Kyle, 38, wasn’t just a legend. He was The Legend, with four tours in Iraq, two Purple Hearts and a hand in every major battle during the conflict.

Mr. Kyle earned the title of America’s deadliest sniper, something not lost on the Iraqi insurgency. They put a bounty on his head and called him Al Shaitan Ramadi: the Devil of Ramadi. Mr. Kyle’s book, “American Sniper: The Autobiography of the Most Lethal Sniper in U.S. Military History,” was published last year.

Snipers have enjoyed a disproportionate amount of influence on the battlefield since colonial sharpshooters began targeting British officers in the Revolutionary War — an act regarded as ungentlemanly at the time. They have bogged down invading forces and shredded morale into ribbons. When the Soviet Union invaded Finland during the Winter War of 1939-40, the Finnish sniper Simo Hayha took on entire units by himself, racking up more than 500 confirmed kills in less than 100 days. The Soviets called him White Death. It seems that only snipers and generals earn nicknames and respect from their enemies.

A vital job of Mr. Kyle’s was to provide overwatch for American soldiers and Marines as they maneuvered during patrols and raids — an angel of sorts for coalition troops. Mr. Kyle took that idea to form Fitco Cares Foundation, a nonprofit organization that helps veterans cope with post-traumatic stress disorder. Mr. Kyle often took veterans struggling with PTSD to gun ranges for a therapy of sorts, and in a tragic twist, the former Marine accused of killing Mr. Kyle was a veteran who may have been struggling with the disorder.

RIP CHRIS KYLE. You were a great sniper, honorable navy seal, and great human being.

— Tim Kennedy (@TimKennedyMMA) February 3, 2013

Mr. Kyle’s impact on troops and veterans was apparent when news of his death spread quickly on Facebook and Twitter. “In Memory of Chris Kyle, American Hero,” said one image posted to a page for war veterans on Facebook. A tribute page for him was set up within hours of his death, which posted a picture of Mr. Kyle against a black background. “Chris Kyle, 1974-2013, U.S. Navy SEAL, 160 confirmed kills. Gone,” the accompanying text says, “but not forgotten.”

To the man that stared down evil in the crosshairs.. we salute you Chris Kyle.The Devil of Ramadi NAVY SEAL 1974-2013 twitter.com/SEALofHonor/st…

— SEALofHonor (@SEALofHonor) February 3, 2013

@mattgallagher83 All the things he did and lived through and he got murdered at a gun range in America?That’s Ira Hayes tragic.

— rarey4 (@rarey4) February 3, 2013

Troops and veterans understand that snipers are not simply precise killers, but watchers of men, on both sides. They spot for artillery and scan for enemy movement. They disrupt enemy snipers, harass enemy troops and haunt the dreams of their generals. For that, they are pursued relentlessly.

But Mr. Kyle’s grim talent of killing the enemy was not a source of guilt for him. What did seem to bother him were the things that he couldn’t do.

“It was my duty to shoot the enemy, and I don’t regret it,” he told Texas Monthly last year. “My regrets are for the people I couldn’t save: Marines, soldiers, buddies.”

A profound dedication to the safety of fellow troops will always mark snipers generally, and Mr. Kyle in particular, both in and out of war. And for the battle to return home that can last decades, veterans everywhere lost a good man watching over them.

I’m willing to bet Iraqi insurgents had the same debates and fears about the Devil of Ramadi that we did about Juba. Was he even real? Could he ever be killed? For both sides, only one thing was certain: he was more than a man and a rifle.

Thanks for looking out, Chris.

Alex Horton is a public affairs specialist at the Department of Veterans Affairs, where he writes for the department’s blog, Vantage Point. He served for 15 months as an infantryman in Iraq with the Third Stryker Brigade, Second Infantry Division. Follow him on Twitter.


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Somalia’s al Shabaab rebels back on Twitter after suspension

MOGADISHU (Reuters) – Somalia‘s Islamist al Shabaab militants, who have used Twitter to announce assassinations and bombings, are back on the microblog service two weeks after their account was suspended.

“[Our new account] will function like the one they closed,” a spokesman who declined to be named said on Tuesday.

Al Shabaab’s previous official Twitter account was suspended around January 24, days after group, which is aligned with al Qaeda, used the social media site to threaten to kill two Kenyan hostages.

The group tweeted a link to a video of the abducted civil servants and threatened to kill them unless the Kenyan government released all Muslim prisoners in its jails.

Twitter rules say threats of violence are forbidden but the site declined at the time to comment on why al Shabaab’s account, which had thousands of followers, had been suspended.

Al Shabaab’s Somali- and Arabic-language Twitter accounts were never closed.

The new account, using the handle @HSMPRESS1, has attracted over 1,100 followers within two days.

Al Shabaab wants to impose its strict version of sharia, or Islamic law, across Somalia. However, it has lost significant territory in the southern and central parts of the country in the face of an offensive by African Union troops.

(Writing By Drazen Jorgic; Editing by James Macharia and Kevin Liffey)

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Kate Winslet Shows Off Her Wedding Ring From Ned Rocknroll

Stylewatch
Style News Now

02/05/2013 at 11:22 AM ET

Bauer-Griffin

When Kate Winslet married Ned Rocknroll in December, she got a killer new family name — and it turns out the ring that came with it isn’t half-bad either!

While grocery shopping in Hampshire, England, the actress, 37, gave the first glimpse of her engagement ring since Rocknroll, 34, proposed last summer — plus the wedding band she received from him in early December. It appears to be a simple yellow-gold setting with a solitaire stone and a matching band.

It would seem that Winslet has a preference for bold, chunky rings; her previous wedding ring (from her marriage to Sam Mendes) consisted of thick silver-colored bands with inlaid stones.

Tell us: What do you think of Winslet’s rings from Ned Rocknroll?
–Alex Apatoff

PHOTOS: SEE MORE STAR MEMBERS OF THE ‘GINORMOUS CARAT CLUB!’

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Nasdaq slides 1 percent; Dow, S&P 500 fall further

NEW YORK (Reuters) - Stocks added to losses, with the S&P falling 1 percent on Monday as the market retreated from recent gains and data on factory orders fell short of expectations.

The Dow Jones industrial average <.dji> dropped 134.39 points, or 0.96 percent, to 13,875.40. The Standard & Poor's 500 Index <.spx> lost 15.16 points, or 1.00 percent, to 1,498.01. The Nasdaq Composite Index <.ixic> fell 39.32 points, or 1.24 percent, to 3,139.77.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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Investigation Finds Suspected Fixing in 680 Soccer Matches

THE HAGUE — Criminal organizations have infiltrated the highest levels of European and international soccer, threatening the integrity of the sport, global law enforcement officials said Monday as they disclosed the results of a 19-month investigation that indicated that hundreds of people had been involved in match-fixing.

At least 425 people from more than 15 countries — including club and match officials, and current and former players — are suspected of conspiring in nearly 700 matches in recent years on behalf of Asian criminal syndicates that made millions of dollars in profits by betting on the results, they said.

Those matches included qualifying games for the World Cup and for the European Cup, and two Champions League matches, including one in England.

“This is a sad day for European football, and more evidence of the corrupting influence of organized crime,” said Rob Wainwright, the director of Europol, which helped coordinate the investigation among European Union member states, Interpol and non-European nations.

Citing the doping scandal that has undermined public trust and interest in cycling, Wainwright warned that the problem must be tackled quickly or soccer would lose the trust of the public.

In all, 680 matches have been identified as suspect, officials said, including 300 outside Europe, primarily in Asia, Africa and Latin America.

It was not clear how many of the matches identified were previously known or newly discovered.

Officials declined to identify any of the teams or individuals involved in the investigations, citing the need to guard the confidentiality of police procedures.

The officials, speaking to journalists at Europol headquarters, said that a joint team was created in July 2011 after investigators in several European countries came to realize that there was a major overlap between suspects in separate match-fixing inquiries.

A single criminal group, based in Asia, is behind most of the matches identified in the investigations, Europol and Interpol officials said, and an international arrest warrant has been issued seeking the extradition of the ringleader to Europe to face fraud and bribery charges.

Europol did not publicly identify the ringleader of the gang, but several knowledgeable law enforcement officials later said on condition of anonymity that it was a man based in Singapore known as Dan Tan. Tan has been implicated in match-fixing cases dating to 1999, at least, the officials said.

Asked about the level of international cooperation Europol was getting from other national authorities involved in enforcement of the warrant, Wainwright said, “I’m satisfied that Interpol is in active dialogue” with the other parties. “It’s important that all international arrest warrants are pursued.”

The officials repeatedly dodged questions from reporters seeking to learn just how many of the suspected match-fixing cases they announced Monday were new.

German prosecutors, for example, have previously identified dozens of cases, and it was not clear how many of those were included in the tally. The country with the most cases identified by Europol was Turkey, with 79. Germany was next with 70, followed by Switzerland, with 41. The agency also reported cases in Belgium, Croatia, Austria, Hungary, Bosnia and Herzegovina, Slovenia and Canada.

The breadth of the investigation inspired strong reactions from global fans. Even as the news conference was still going on, fans took to social media to speculate on which matches might have been fixed. And while officials would not offer specifics, that did not stop fans — particularly those of the English game — from guessing at the possibilities, with the only certainty being that the English Champions League match occurred in the last three or four years.

While the great majority of suspect European matches identified in the investigation took place outside Britain, the notion that corruption has been identified in British soccer, home of the world’s most popular league, will reverberate globally.

“It would be naïve and complacent of those in the U.K. to think such a criminal conspiracy does not involve the English game,” Wainwright said.

Sam Borden reported from New Orleans.

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The Future of BlackBerry 10 Sales Looks Hazy

Early sales figures from abroad suggest high demand for one of BlackBerry‘s two big comeback phones… in the struggling Canadian company’s strongest market. As the U.S. market remains on standby for sales and even ads, reports from both analysts and suppliers suggest sold-out new models in the United Kingdom, the first and only place the BlackBerry Z10 is available yet. “We believe Carphone Warehouse is seeing widespread sell-outs, while O2, Vodafone, Orange and EE are seeing robust demand,” Jefferies analyst Peter Misek writes. “We estimate sell-in to be at least several hundred thousand units,” he added. It’s not that these sales aren’t deserved — the gadget reviewers loved the touchscreen Z10, for the most part, and the full-keyboard Q10 model that also works with the new BlackBerry 10 OS isn’t on sale anywhere yet. But if any place would like a touchscreen BlackBerry, it would be the UK. Because the British may not have abandoned the smartphone keyboard, but they fell out of love it with a lot more slowly than Americans did  — BlackBerry held on to 12 percent of its market share there last year, compared to the 2 percent in the U.S. Unfortunately for the company formerly known as Research in Motion, the earliest signs suggest the Z10 may not change that lack of enthusiasm in the states.

RELATED: Everything You Need to Know About BlackBerry 10

The lack of stateside BlackBerry enthusiasm starts with American wireless carriers. U.S. customers can’t even buy the Z10 until sometime in March — we’ll be the last country to get it in this initial wave. The delay stems from a Federal Communications Commission approval process that will take weeks. While that might sound like a regulatory technicality, it may also reflect a lack of excitement to get the phone out there. None of the cellphone companies have started taking pre-sale orders, and all but one failed to provide an executive quote playing up the new BlackBerry, as PC Mag’s Sascha Segan pointed out. Sprint won’t even sell the Z10, opting to push out the more traditional Q10 and its signature keyboard when that phone starts to hit carriers in April. 

RELATED: Blackberry’s New OS Met With Resounding ‘Meh’

The Z10 sales delay could work in BlackBerry’s favor in one peculiar way — it should give consumers enough time to forget about the very weird, very desperate product unveiling. Still, two months is also enough time for initial hype to wear off, as other, newer phones get more and more attention — the much anticipated Samsung Galaxy SIV will supposedly come out around March as well. To keep Americans excited, BlackBerry has spent hundreds of millions on an ad campaign in the U.S., reports The Wall Street Journal. But the company’s new Super Bowl ad, which focused on all the things the new BlackBerry can’t do, has techies baffled:

RELATED: Look How Desperate the BlackBerry 10 Unveiling Event Actually Was

RELATED: RIM Says Sorry to Customers with Free Apps

“It’s just hard to see how you can introduce a new product without covering a single feature,” wrote The Verge’s T.C. Sotteck of the new spot. Lucky for BlackBerry, the ad was a one-time Super Sunday move. Its “Keep Moving” campaign, which focuses on what the phone can do, will debut today. The 60-second preview sampled over at The Verge sounds like it does a better job selling Z10′s features. “[The ad] featured a side-scrolling view of people moving through different variations on work and play: a nod to the company’s enterprise-focused heritage,” Sottech writes.

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Richard III's Remains Confirmed After Being Found Under a Parking Lot

By Stephen M. Silverman

02/04/2013 at 11:25 AM EST

"Off with his head!"
– Shakespeare's King Richard III, Act III, Scene IV.

In a stunning archaeological discovery, British scientists announced Monday that DNA results confirm "beyond reasonable doubt" that the human remains found under a parking lot in Leicester, central England, are those of the nation's King Richard III – who was killed two years into his reign, at the Battle of Bosworth Field in 1485. He was 33.

"We're certain now, as certain as you can be of anything in life," said Richard Taylor, the University of Leicester registrar who coordinated the team of archaeologists, historians, genealogists and geneticists who, since the bones were discovered five months ago, set out to identify the remains, reports The New York Times.

Archaeologists say Richard – one of the most reviled monarchs in history, scheming, murderous, and physically deformed, as Shakespeare's play reminds audiences to this day – met his own violent death. As shown in his remains, he received two severe blows to the head, and that's not all, reports CNN.

The lead archeologist on the project, Richard Buckley, said it looks like Richard, who suffered curvature of the spine, was buried with his hands tied.

"The skull was in good condition, although fragile, and was able to give us detailed information," added Jo Appleby, a university lecturer in human bioarchaeology involved in the project.

The DNA tests were conducted with matches from the skeleton – found when archaeologists used ground-penetrating radar – and from Michael Ibsen, a Canadian who is a direct descendent of Richard's sister Anne of York.

Ibsen, a cabinetmaker, told CNN he reacted with "stunned silence" when told the top-secret results on Sunday. "I never thought I'd be a match, and certainly not that it would be so close, but the results look like a carbon copy," he said.

Next up for Richard, once his remains are more closely examined: a reburial, this time in Leicester Cathedral, in a memorial service likely to take place early next year.

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.

That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.

Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.

Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.

Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.

"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."

The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.

Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.

Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .

But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.

Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.

During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.

MOM AND POP STILL WARY

Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.

This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.

Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.

"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.

Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.

He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.

Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.

On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.

Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.

Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.

Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.

(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

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