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28 Consecutive Weeks Of Domestic Equity Fund Outflows
This is getting boring. The only question is whether we can hit 2011 with no inflows... 2012? 2020? $86 billion in outflows this year, means mutual funds are hanging by a thread on asset values continuing to go up, as they have no dry powder left whasoever.
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Just imagine how dramatic it would be if so many retail investors weren't stuck in their mutual funds by virtue of their company 401k policies?
It's the cashing out of 401k's that is probably the reason for the outflows.
With unemployment extensions expiring in a couple weeks I expect this trend to pick up.
Seen the borrowing against retirement pick up at my office.
Redpill: +++++
The 401(k) is the greatest managed-theft scheme ever created by man.
Suze: And don't forget about that great "company match"
Dave: Oh yes. What a great deal that is!
Bob: Yes, maximize that fucker!
All criminal, willing, should-be-indicted co-conspirators.
It's not just a good idea it's the law (for those of you young punks out there that was the official government slogan to enforce the 55 mph nationwide speed limit imposed in the 1970's. The double nickle as they called it).
It's not just a good idea it's the law (for those of you young punks out there that was the official government slogan to enforce the 55 mph nationwide speed limit imposed in the 1970's. The double nickle as they called it).
Fuckin' A! Average Joe kickin' ass and selling into strength...and the bagholders being the criminal syndicate known as Wall Street.
Count me proud!
And won't it be fun when the syndicate, known also as "smart money," turns and starts puking out equities? Party at my place.
Cdad
Aye, the sheep are starting to wake up... even the full court press from CNBC is not convincing j6ps that the NYSE is anything other than a poorly run game or 3 card monte.
I believe this all started out of necessity, not rebelion. I know many clients from our firm sold out their positions in order to pay bills. And this "strange ET happening" is not just from low net worth accounts- we're talking people with incomes of $450k+ and net worth in excess of $5m... oh you can believe it's happening. The longer the great cover up takes, the harder it will be. We have weeks, if not days left...
+1 let the smart money puke
Just as an update: Got the signal yesterday - SHORT the indexes, daily basis.
I'm wrong if my indicator flips positive (which it hasn't from today's boring action) or my Buy Stop is taken out, which is above the Dow daily high of: 11,194.70
Time for some good 'ol RED candles.
Why don't we all do this
A few details from the Financial Times: Dublin feels pressure on rescue package
Irish bank customers have withdrawn an estimated 11% of deposits over just a few weeks.
The Irish banks are now relying heavily on the ECB for liquidity.
The "rescue team" (IMF, European Central Bank, and European Commission officials) arrive on Thursday.
LCH.Clearnet (large clearing house) today doubled the margin requirements for Irish sovereign debt.
Also from the WSJ: Ireland Braces for Bank Exam
Sweet! I love the Irish. I hate to travel, but I'm going to Ireland next year, dammit!
Give it 2-3 weeks. Wait until the "stress tests" in the US are redone.
All that money is just sitting on the fence waiting for an entry point to come flooding in from the sidelines as soon as they get some further fed-inspired confidence via blatant market manipulation. [/sarcasm]
buzz saw what the hell is that avatar
That's kuato bitchez! Where the hell's urine kornholio?
http://www.insidesocal.com/tomhoffarth/Cornholio.jpg
Total Recall.
Just remember for Quaid to yell, 'see ya at the party Richter' (or is that Bernanke???). That scene demonstrates what is upcoming. It's at ~1:39-1:40 mark (hint: elevator)
It's quato, a precient alien from Arnold's greatest movie, total recall.
http://www.youtube.com/watch?v=xO1kKemcwYk
Nothing like a display of confidence in the stock market, eh? (sarcasm noted)
The elites have contempt for the individual, but they fear the masses.
Barak Bin Hussein Bin Obama gives Buffet a medal ?? WHAT THE FUCK FOR?
http://www.marketwatch.com/story/obama-to-honor-buffett-with-medal-of-freedom-2010-11-17
For giving Obamao a Great Thank You the day before for pumping Trillions of worthless dollars into Buffet's holdings. Why else? You scratch my back I'll scratch yours.
Everyone knows Buffet is beyond his good years and may pass away soon. He wants to see the system go down in flames before he is gone.
Too true. Best thing 'The Man' ever did was to guarantee major inflows weekly, and therefore perpetuate the Wealth Effect ad infinitum, ad nauseum.
I'm just wondering how high the market is going to go when the Sheep are herded out of the current gambling casinos (offshore sports betting, Las Vegas card tables, etc.) and back into the U.S. Stock casino.
We'll see Dow at 20,000 easy.
You may be right robo, " we will let you gamble but only on our (equity)tables."
The Hill notes that HR 2267 may be part of a short “lame duck” session that will take place before the new Congress takes their places in January. Should that happen, the bill may be piggy backed to a jobs bill that has a better chance of passing. Poker historians will remember that the previous Congress similarly passed the Unlawful Internet Gambling Enforcement Act
Ok....now that's a stretch. If anything they'll end up at the tables because they get free drinks ! :)
Makes you feel good to know stocks can levitate despite outflows...we need a revised version of that novel "A Random Walk Down Wall Street".
And just where are these outflows going?
I know the spread between 1m US bank CD's & 1m UST's is negligible. Joe Average is selling 'equities' & buying the debt of a hopelessly illiquid banking system?
Who is the real chump?
average Joe is unemployed and needs the money to live and eat.
Rent, food, gasoline, college tuition, medical bills, tires, whatever.
That's what makes the "money on the sidelines" meme so laughable.
I just got a bill for my son's tuition for next semester...
Bitchez !!
.....don't forget to add in all of those paying down debt with 401k money.....either borrowing against it or taking it out with penalty to pay off 18% credit cards. Of course, the odds are good they'll max up the credit cards right away anyhoo.
The housing ATM has no doubt been replaced by the retirement ATM. Humans don't break bad habits easily.....unless access is finally gone.
To the "sidelines," naturally.
401(k) was set up to have no escape route. It must be awesome to have captive liquidity to play with.
It's the financial roach motel.
This might be the best year to start withdrawing it, as taxes will be most favorable.
Positive that Pissonme was distraught from this number (and his recently all red heat maps). Must suck to be working under the permabull mandate. I get great joy whenever confirming REAL data comes out like this.
In 2006 emerging markets accounted for 92% of all net fund inflows.
Maybe the sheep are not spending money at the Wall St. casinos because they are too busy buying stuff at Victoria's Secret.
Up another 3% to a fresh, new, 52-week high after hours.
i'm guessing you do both.
Sit tight, quarter/year end selling still to come - only accentuated by and regardless of whatever in the hell the clowns in congress decide.
POMO - mutual fund outflows = nominal bull market
How many people will sell their Hoarded Gold and Silver to put it back into the Market?
I am a small time investor and bought canned corn, peas, chili, flour, sugar, tuna, etc.. You think I am going to sell my food stock and put it into the Market? NO, I will eventually eat it.
My biggest asset would be the Oil in my Tank for heating but I keep waiting for the price to come down. Anyone think that people that stocked up on Oil will sell it and buy back into the Market?
I have a friend that is Hoarding Oil. He had a 500 gallon tank and went out and bought another two 750 gallon tanks plus another 500 gallon tank. So now he can store 2500 gallons of Heating Oil. I do not think that he will be selling his Oil and investing that money in the Market.
The FED has made all of us Hoarders of Food, Oil, Wood pellets for our Pellet stoves, etc.
P.S. I will be stocking up on all of those .39 cent Turkeys. Enough for all year. At Christmas I will buy enough Coffee on sale for at least a year.
They probably don't really care "what" you spend it on....as long as you "spend, spend, spend"....psst...."Wanna buy a house??".....;>)
Anyone that has followed my posts know that I think that Real Estate especially Rental Real Estate is the only place to hold your Money.
Except of course my hoard of food.
The 3 week slow down in outflows probably coincided with the run up to QE2. Now, they are back to nearly what they were.
Somewhere out there someone is paying attention.
Sorry Ben, but you should have gone with the full $2T like I told ya.
Freaking Cold in New England....... I'm buying wood !!
Is there a chart that goes back farther than 2010. I'm curious what typical cycles look like over time.
Right.... ahow many sequential weeks has it been flowing into ETFs, domestic and international?
Is it common in Sweden to look at only part of the data...
Maybe this is getting boring for you, TD, but I've been looking forward to this report all week.
Honestly, I thought there was going to finally be an uptick, with J6P trying to cash in on QE2, just in time to get trampled by the Teppers on the way out. This is now truly a Mexican standoff, and sooner or later, somebody's gonna blink.
I am just waiting for the point of which the funds that are outflowing money each week cannot pay any more money having been drained bone dry and bleached by the constant outflows.
What then? Hmm?
Why wait for then?
10 standing orders for open source warfare from GG (John Robb)
JR is the man.
Get ready for the year end stampede. Every CPA I know is telling their clients to sell due to tax law uncertainties and buy back next year if they still want the same stock. Add to that year end selling due to global problems and you may get a serious "correction."
Comment deleted because of stupidity.
As many others, I am FORCED to partake of the evil wall st offerings
by virtue of being employed with a 401K having limited choices
(basically PIMPCO or SP500).
The bright side should I find myself unemployed, .... I will divest myself
immediately from this repugnate association with the status quo.
It's not just a good idea it's the law (for those of you young punks out there that was the official government slogan to enforce the 55 mph nationwide speed limit imposed in the 1970's. The double nickle as they called it).
$86 Billion outflows this year? Pfff. That's one month or so of POMO isn't it? Small change. We talk TRILLIONS now, baby.