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Retail Capitulation: Stock Outflows Surge By Over $7.5 Billion In 18th Consecutive Week Of Record Stock Market Boycott
This is getting really ridiculous. In the week ended September 1, domestic equity mutual funds saw $7.5 billion in outflows: the biggest one week outflow in 2010 since the $13.4 billion redeemed in the Flash Crash week. The trend developing is simple: retail investors withdraw increasingly greater numbers in weeks in which the market is down even a little, and withdraw just a little in weeks in which the low-volume melt up presents them with an opportunity to get out at a better price level. Of course, the common thread is that as we have said for 18 consecutive weeks, retail just wants out. And now that, courtesy of Mary Schapiro, retail has finally put two and two together, and knows that even the regulators are concerned about redemptions, which are perceived by the SEC as being a function of distrust in market structure, we now fully expect more and more redemptions.
Year to Date the total pulled out is a whopping $62 billion, incidentally with both inflows and the market having peaked at the same time in April. On thr other hand, if the market were tracking mutual fund redemptions (whose net liquidity is now down to just 3.5% of assets and getting worse by the day), the S&P would be in the 900 range. Once the destructive impact of the Fed's daily meddling in the stock market is eliminated, it will get there. The longer stocks are artificially held up at current artificial levels, the greater the crash when reality and anti-gravity finally meet.
PS, for those confused by contrary media reports elsewhere, ETFs, as we disclosed previously, saw a major outflow in August as well (except for notable gold ETF exclusions). This is a secular rotation out of stocks. Period.
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So the IB's will be left holding the bag? One can hope.
Looks like Main Street is getting wise to the casino capitalism game.
You know, on the positive side, if this keeps up much long it might actually convince Wall Street to allow Washington to pass some real reforms.
At least the FED is helping the little guy get out of the Market close to at top.
You think by now the FED would get it. If they would just let the market correct with a real capituation the little people would come back in. A 1/2 day flash crash does not cut it. Everybody knows that was pure manipulation. Now everybody knows that it is a rigged game. The flash crash convinced all of us that it is so. Even those who wanted to believe otherwise. Fund managers have no cash, ( less than 3 % ). So we all ask, who's pumping it up. Goldman, Paulson, all the bailout banks, who? Hey, they have to use the money for something. All hoping they can hold it up.
They will not get investors back until they allow a real correction. Period. Wake Up Benny.
Desperate men do desperate things. When you're hanging from the edge of a cliff, regardless of whether it might be in your best interest to relax, all you're thinking about is gripping as hard as you can and tensing up.
The Fed is desperate. Expect it to continue to tense up and grab as tight as it can. Even the lifeguard understands they sometimes need to knock out the panicked guy before they can save him. But there is no one to save the Fed from itself and the powers behind the Fed aren't trying to stop this.
Which leads me to believe they want a currency crisis to move the population to desperate measures and to accept previously unacceptable things in order to stop the pain. Crowd control and social engineering on a global scale.
Agree CD...
If the masses are scared shitless, they will accept ANYTHING to make the fear go away... Think Patriot Act... I keep hoping that there are a few sane thinkers who will help expose the lie that is happening, but i think not... The war in Iraq and its runup come to mind... Maybe there were one or two who spoke out against it in congress... but everyone drank the coolaid... what we could have done with THAT $764B.
"move the population to desperate measures"
I can attest to the need for desperate measures personally. 2 nights ago my wifes parents (in their 80s) suffered a home invasion. My father in law was beat up pretty bad. It was a young punk looking for money. Unbelievable, never thought I'd see anything like this in my life time. We live in a low crime area, not anymore I guess.
All I can say is this is starting to get personal and it pisses me off. I spent an hour last night shopping online for shotguns, never thought I'd be doing that either. We're starting to lock our doors at night now, never had to do that before either.
Sorry to hear that. Prayers with you and your's.
Same here, DM.
http://religiouslols.com/tag/do-nothing/
Best wishes for their recovery, DarkMath.
Unfortunately, while the larger picture may have provided the spark to re-examine some things, I would not call locking your doors and arming yourself a desperate measure.
The need was always there, you're just recognizing it now. I've spent more than a decade dealing with people who thought it wouldn't happen to them. You almost never hear "well, the motion-sensor lights didn't scare them off, and they got through the stout door, and then I couldn't get to my weapon in time" ... it's always "we thought it was safe here".
Blight and crime doesn't spread so much as it just shifts around. There are two types of "low crime" areas; those that criminals truly fear to tread in, and those that are wealthy enough to have few native criminals and a proactive police presence. The latter type of area has always been a target for the occasional bold criminal, even in good times, and is a soft target for anyone who can do rudimentary planning.
I sleep with a .357 next to my bed, and a shotgun next to my desk for just such a reason. I should go get a 12 gauge, rather than the 20 gauge I have now. I loaded it with 1 rock salt + 5 buckshot, though. When we had a spat of break-ins in our neighborhood a year ago, I loaded a few rock salt rounds and sat up waiting for the little punk to hit my place (he broke to the garage earlier, but wasn't able to carry off anything valuable. He tried to cover it up, but I figured we would be back the next night.
Found out it was a 14 year old kid when his father called me telling me he had found some of my property in the bottom of the kid's closet, namely an old .22 pistol I was restoring. The upshot is that I got a few weeks of free labor out of the kid. They moved away soon after, but I'm hoping the boy learned his lesson.
Of course, there is a line somewhere between stupid kids and bad, bad people. This is why the first load in my shotgun is generally rock salt now.
good for you Mr. "T"... you are a fine soul in deed.
Please get training. I have a permit and training, which helped me understand I need more training. There are some really clear rules about when to engage and when not to. Appropriate force to meet the force you are threatened with. Knowing what to do in which situation. Presence is met with presence. Verbal with verbal. When it starts to get physical, you can up it one with them. You can meet a knife with a gun, but not a fist with a gun, unless you are reasonably certain your opponent is able and going to kill you. If you are an elderly woman, you can probably shoot an unarmed menace. If you are a healthy man, you cannot. I'd hate to see you get into something bad, legally. With training comes safety and competence. I used to be scared to hold an empty pistol which is only a tool. I am sure you are not, but still, nothing like training.
My trainer was an ex-cop and marine. The stats in each city are skewed. They don't want you to know how bad it is so they screw with the definition of things. Murder is down for instance because more people live after a gun attack these days because of modern medicine. Attempted murder is not a crime in my city so it gets filed under assault instead, even if you have to wear a colostomy bag the rest of your life after you have been shot. There is more bullshit than that. No offense babe, but you were never safe. It was always an illusion. The cops are the mop up crew. Nothing personal to cops, I am grateful and have been helped by cops who went out of their way to shake down someone informally who was bothering me, they didn't need to do that. But you were always responsible for yourself (on your own). The way the government mentality frames it, you think they will protect you. They don't, not because they are evil, but because they never could. They cannot be everywhere, and you wouldn't want that if they could. They train us to give up this responsibility too.
Good luck. VERY sorry for your troubles.
I hold a Concealed Carry Permit and take my training whereever I can find it. I try to learn the laws in my state for castle doctrine, what makes murder, manslaughter etc etc etc and try to improve each month and learn something.
Forget the rocksalt. If you are going to draw and hold a weapon to a intruder breaking into your home with your life or that of your family in immediate danger of injury, loss of life or limb, blast away with the best you can afford; backed by constant practice at a local range.
Your first round of rocksalt will make bad guy mad-mad get really motivated and close the distance to you by at least half by the time you complete your pump for the reload (Tueller drill 7 yards, can you hit accurately before being tapped by "Bad guy" instructor coming at you from a safe direction?) And the threats shouted at you has to be the one valid threat backed by intent, means and ability to follow through against you and your family.
If you are in a state without very good support for 2nd Amendment like New Jersey or Illinois, MOVE and go to a free state such as Texas or Idaho that will provide for you and your family the freedom you require with weapons.
Practice, drill and get intimate with your weapon, limitations and laws where you are. Forget the rocksalt crap. You want to stop the valid threat right then and there and be done with it.
Only then the justice system will have plenty of time to hold you and argue over intent, rock salt or your lack of understanding or knowledge and that can and will be used against you.
Two years ago, we lived without a weapon in sight. Now we are properly armed, run break in drills, clean weapons every range visit and at least once a month, study laws and review current events in Government at all levels regarding the laws from local all the way to federal level.
If my front door comes down and it aint the police, it's show time and the rest of it will come out either way and it's all good or bad depending on how you live, learn and practice (Breathe) the laws, manual of arms and your choice of weapons, ammunition and your own limitations and failings of eyesight or whatever.
Practice, practice and practice at a range. Get a Range Officer or a actual Instructor and take a class or two. have such a person help you on the firing line. Learn. And learn some more.
Make it yours. And practice some more.
Also.
Get your affairs in order. Have your burial paid for and arranged by you. Have other arrangements such as Living wills, hospice and other information ready to go at a moment's notice. It might be YOU or your family that will be buried or involunatarily commited to a nursing facility due to severe wounds.
Make allownaces for savings and purchase doors that will resist incoming gunfire. Replace your crappy front and back doors with real strong framed doors that will resist a angry 300 pound mad mad or at least stop a tornado from coming in.
Have a camera recording your designated engagement zone inside your home. That tape will tell the court exactly how it went down otherwise it is he said she said.
The Police are not your friend. They are there to collect evidence, clean up and photograph bodies and collect witness statements and evidence. Then the justice system will process the survivors for a long time.
Prepare to be sued by next of kin of someone who broke into your home or worse, be re-invaded by drug gangs such as MS-13 or similar after you take a thug down inside your home/
Do you see where I am going with this? I am not even half finished.
Do the best you can and get focused fast and do it right.
Mossburg 500 Bantam with Breneke magnum short slugs backed by a remington Marine Magnum 12 gauge with slugs. I have been since ordered by the doctor to drop the mule kicker (870) and exchange it for a proper .45 using LE Ammuntion and other improvments to fit me personally and I practice with it whenever I can. It is never outside of my arms reach at home or in public.
Learn the Cooper Color Code.
Learn the laws pertaining to murder, assault, manslaughter etc. and Learn the laws in your area regarding weapons. Learn how to purchase and have ammuntion shipped to you and stop buying walmart crap.
And last of all. Practice, have fun with it and it is a stress release. And don't be a raving nut or crazy either. be at peace inside your home that you and your family can properly defend.
Emphasis on defend. NOT offensive attacks or shooting someone for stealing that crappy tv set in the front room.
EXCELLENT ADVICE.
At Casa Swordfish the standard issue for close-in defense is the Remington 870 fullchoke 18" barrel with Magnum 00 Buck.
Properly wielded it will cut a man in half at an engagement distance of under 5 meters.
The small arms locker is accessible under emergency conditions and illuminated with luminous tape, as are the emergency exits in the house. My AK and Garand M-1 are there and loaded - and Mrs. Swordfish is an excellent shot as well (grew up in the hill country of West Va.). The M1911A1 ACP is ready by the night stand with a full mag of crosshatched hollowpoint (read: dumdum bullets).
Plus, we have wrought-iron burglar bars on all the windows, with motion sensors on them slaved to the fire alarm, which emits flashing light and 100db noise as well. Solid-Core steel-framed front door with naval-style hatch dogs on four corners.
We have a nice front yard with a driveway that permits covering and overlapping fire from the rifle ports built into the bedroom windows. And they aren't going to last long if they try to drive across the yard, because the front planter conceals a vehicle trap.
If they get past that, they obviously didn't read the little signs that say "Peligro! Minas!".
A Magnum shotgun shell inside a piece of pipe with a nail at the bottom makes a deadly and unsweepable anti-personnel mine - a favorite of guerrillas everywhere.
Mrs. Swordfish, however, balked at my plans for concealed homemade claymores. Afraid for the grandkids, but Grandson has taken a real shine to learning the manly art of proactive home defense. At 11 he has become an excellent A/gunner on the MG 43 and he and his Dad and I are going next summer together as a team to Sniper school - his Dad and I are discussing the finer points of Barrett vs. SWS vs. H-K.
S-I-L is ex-USMC CPT 0-3 with service in Central America and Gulf War 1.
We learned about home defense the Hard Way in 1992 during the Rodney King riots as we lived in the Signal Hill are of Long Beach at the time...
Laugh- ... er ...
that will get him excited twice.
No ex-
and CPT is so doggie
and urrah to S-I-L,
- Ned
Good advice. Check the Lethal Force Institute. The most importeant training is weapons retention. Most people seem to think that just by displaying a firearm, the attacker will be deterred. Those that display a weapon and dont use it then get their weapon removed from their control and used against them.
Don't even think of using a firearm if you unless life in prison is a good alternative. Deploy your weapon at a safe standoff distance and use it. Never fire just one shot. Anyone that goes down stays down.
Thank you Sir.
I cannot stand people who buy a little snubbie and toss it into the drawer in the bedroom for the next 5 years with a unopened box of rounds for it. The night that door does come down, they will die trying to learn everything they should have learned from day one.
What a waste.
Loaded weapons aren't such a good idea if you have kids in the house.
Best get a bunch of BIG DOGS out in the yard to act as first defence and early-warning system, so you have time to get the guns out of the gun safe.
"Loaded weapons aren't such a good idea if you have kids in the house."
Your are not supposed to hide guns from them. You are supposed to teach them what they can do and how to handle them. Show them the damage they can do. Let them hear the noise. Feel the concussion of the blast and the kick.
Show them it's not like in the movies.
No gun is going to leap up and start firing by itself.
Agree with the above about the Cooper Color Code. Live by it. Disagree with carry permits generally, as now authorities know what you have...at least one of what you have.
The number one rule is a mindset...any gun they encounter is loaded. Always loaded. It cannot be made safe. Period.
Teach them it's not a game and they will be fine.
You can actually wear them out on it to where the novelty wears off and they (guns) are looked on by them as just another tool...like a hammer...and they want nothing to do with them unless really needed...LOL.
I would add medium/large game hunting to this teaching system... it's one thing to feel a gun go off... it's another to see it kill something that weighs at least as much as you do. It instills a profound respect for the power of the firearm. I suppose shooting water jugs could accomplish a similar, albeit less profound, effect.
"I would add medium/large game hunting to this teaching system... it's one thing to feel a gun go off... it's another to see it kill something that weighs at least as much as you do."
Yes indeed.
You kill it you clean it, gettin close to that time ;-)
You speak as though you think it's possible to reason with a 3 year old boy.
You're single, aren't you?
I cried through living history events at 4 and 5 because I was scared of the guns. But when I spent enough time around one or two people shooting clays on a hillside, I wanted to do the same after a few months.
Fired my first shot at 8 no idea where it went.
Lived without guns for decades, and finally got involved with living history first and modern weapons later for home defense first then conceal carry while making life changes to get out of the dangerous downtown.
After a certain age boys and girls ought to be taught the rules and then taught how to handle weapons. Wanna piss me off? Watch a you tube where someone sneaks a magnum slug into a little boy's load causing him to lose control of the weapon and get slapped down by the recoil.
As long we have idiots like that, we will continue to struggle with these issues.
I know the ones. Maaaan, I hate that.
I despise youtubes where you see obviously drunk individuals shooting and horsing around with guns. Or a man gives a woman who has never shot before a gun, and does not instruct her or warn her, and laughs at the result as she falls over, clearly hurt. If I was on site, I could really hurt someone, I get that mad. I come to the same conclusion you have, or worse, that I am not in touch with America if people are not only willing to do these things, but then POST them. Wow.
Assholes are everywhere M.
Little dick syndrome.
uncle,
"You speak as though you think it's possible to reason with a 3 year old boy."
And you speak as though you have zero responsibility in the matter after purchase.
If your three year old boy is going through your stuff and you have not corrected him...sternly...I don't know what else I can say.
"You're single, aren't you?"
No unc...I'm not single. October will be 25yrs. My son fired his first real gun when he was 8yrs. old. He got a BB gun when he was 5yrs.old, for Christmas, because he was frustrated he couldn't pump mine up.
If your not going to be a responsible parent with this, then yes, your doing the right thing for your family, don't have a gun in the house.
Good luck.
When seconds count, the police are only minutes away.
http://www.frontsight.com/
http://www.gunsite.com/main/
You are also going to get hit by 15 gallons of chemicals, hormones and stress into your body. Your fingers are gonna turn into chicken legs and those little bitty gun control buttons will get even smaller while the weapon gets so shaky you cannot hit nothing except your water heater in the next room. Your ears will quit working, your eyes will only see the bad guy's gun bore or eyes only. Half of you will be in cement wet and the rest will be shaking with emotions. Never mind what will be going through your own mind on top of all of that.
Also settle in your head all the moral and religion crap for yourself because YOU may be either taking a life and/or lose your own or someone else's due to your failure to function.
Remember one thing.
Once you fire that round, you cannot EVER call it back and ask for a do-over. Life as you knew it until that moment is OVER. Your future will be very stressful for a long time should you even survive the encounter.
AFTER you stop the bad guy, STAY THE FUCK away from that bad guy on your floor because he or she is now considered forensic evidence, BioHAZARD to you and everyone around you and maybe still functional enough to re engage you and when the police get there Say that person came to kill you and your family
THEN SHUT UP And get a lawyer. Cooperate with the Law no matter how bizzare it seems.
Ask for medical transport to the hospital for yourself because your heart or something else may be failing or has failed and you may not see the next day. have 2000 dollars set aside just for that ER workup.
There is so much, I can sit here and type and type.. but only YOU can go out and learn for yourself.
Please do it right and learn it well. Then if you never need to use it at all congratulations.
Best to have it ready when you need it than to die on your knees wishing in one hand you had a weapon and on the other a way to postpone the inevitable.
I am actually a fan of Suarez International. Gabe Suarez training sessions are more real world force on force drills and less competition from a square range drills. Worth every penny.
I really wish everyone would get a couple of wooden knives and chalk them up and go at with each other for a while. You'd forget all about this handgun crap. It only takes a few hours to learn how do simple surgery and it only takes a few hours to learn complex combination moves that always result in death. If you want to learn advanced things like how to remove a persons ability to pull a trigger in less than a second you can. Plus your defenses like I said unless you go for a full outright lethal attack perforating anything the attacker puts out at you and ending with lung puncturing or inserting knife in skull through the lower chin or open heart surgery, or multiple slash moves that make people bleed out in under 15 seconds.
You get a chance at taking back the attack sort of. If you decide you don't want the person dead you can place flat plastic things like credit cards over that punctured lung or wrap saran wrap over that jugular or thigh vein you opened up. Stuff that's much easier than pulling say a bullet out of a person that's 1mm from their spine in the dark at 3 am. Or trying to salvage enough of a persons liver after you blew half of it away with a shotgun.
And don't use swords. Swords play for keeps no matter how good you are at first aide.
Fatal T with the round severing the Brain Stem from the rest of the body is the fastest form of death. The person is dead before the body hits the dirt. The brain may function long enough to realize it's own demise but has lost all control.
If you learn to shoot fatal T from 15 yards, you are not going to get samuari sword carrying bad guy close nuff to do any damage. If I am personally confronted by a sword bearing person who demonstrates way of sword or any other move with intent that I recognze from my youthful martial arts in Ninjustu that person is going down hard. I might even empty my magazine if I have to.
Why? I am way too old and stiff, slow and sluggish to even think to use martial arts anymore. I will be liable to break my own joints and render myself even more easier for the attacker to finish me off. /sarcasm mixed with realistic truth.
Three dimesnional plastic formed human targets for this work gives you a oppertunity to practice fatal T from a variety of angles.
There are ranges that offer classes in defense work during unusual situations such as a gas station hold up in which you are the innocent third party who happens to be concealed.
As far as deciding life or death, deadly force in defense of home MEANS to stop the threat with the POTENTIAL for the attacker to suffer sufficient force as to be killed. That is what deadly force means. I have a small trauma kit with asherman seals and such for me and spouse but the Bad guy is in the hands of God. If he Lives or Dies is up to him.
Stop the threat. And leave it. And prepare for the LEOs to arrive fast and hard. If the bad guy still has a heart beat they probably will transport. If that bad guy (Or you) dont have a heartbeat then it becomes a death/forensics scene.
There has been stories where Military near Installations suffer home invasion, stopped the threat and then rendered first aid because it is part of thier training. I am not trained at all to formally treat any kind of bad guy's injuries nor am I obligated to do so. I have enough to take care of myself or spouse while we are still able.
In fact, again the bad guy bleeding all over the floor may contain AIDS, STD's or drugs in his or her system and some people once they get a hold of your stupid butt they can crush you like tin can and all your defense is for naught. Are you really that stupid to get close to a bad guy.
Again, weapons and ammuntion are so deadly in many forms and most homes in my area are armed homes it is pretty peaceful. Once in a while someone tries to break in and get shot for it. That is usually enough for another 6 months of peace.
Remington 870 with a 20" deer barrel and 00 buck
If there is a reason you can't handle the recoil, Remington 11-87, 00 buck
I too have a Mosby 12. in the house. Last thing in the world i want is to use it. Meanwhile i trust in the same spirit that has carried me this far. White, young and AWOL in DC during the 60s i ventured all the way past 14th and U at night only to find out later it was the most dangerous neighbor hood in the city, especially for a white boy. Fairly fresh immigrant from germany i did not know these things but had a great sense of adventure. I spent many years hitchiking across this country and rode boxcars and slept under bridges. I had at least 9 opportunities to die so far and am still alive. And never had a weapon all that time. I lived in the tenderloin of San francisco and was a pool shark in New Orleans. central and fifth in LA, Calif is not a good place to be white either and i lived amongs hookers and pimps and drug addicts, yet here i am . No gun intented
Cog, perhaps you're giving the Fed too much credit. Who are "they", and why do you believe they can induce any measure at will? Are there not any others in the entire globe who would benefit from a diminished Fed?
What about Republicans? Many here believe they are owned lock, stock & barrel by the power-elite. But what about a rogue element? What is the easiest, most sure-fire way to take complete control of the US, and by extension, the world? Why, by crashing the stock market.
And what is the easiest, simplest way to crash the Dow to 1,000? Why, simply call in Bernanke and ask him point blank if he's buying shares. Of course, Ben would resign before that event, because he would know the reason why they were going to ask such a question. So, regardless of whether he testified, his resignation itself would do the trick.
Once that was set into motion, Obama would be gone, so too Biden, and then we'd have Boehner (as Speaker & 3rd in line) as President. A complete sweep two years before 2012. And to what end? For power; for control. Can they fix the economy? No. Do they want to? Again, no. For psychopaths, winning the game itself justifies the means.
Think big. Things are gonna start getting interesting. Major power plays are going to start rumbling.
I don't believe you can accuse me of not thinking big after the statement I made above and copied here. And "they" are not the Fed.
Social engineering on a global scale is thinking big. Very big. The Fed is the means to make it happen. The Fed isn't the power. The Fed is simply the tool of the powerful.
Of course there are "others", which means lots of in fighting and power struggles among "others". It's all a side show to distract as well as divide and conquer. When you are the few, you set the many upon each other and let them beat the shit out of each other.
Firsthand, I apologize for implicitly suggesting that you were not thinking big. However, I would characterize the Fed not as the tool, but a tool. Again, I ask, are there no other competing interests or factions? What are their tools?
You see, the Fed, and by extension, the US are in a very precarious position. That's because they have extended themselves, and in turn have completely exposed themselves, to opposing fire that merely needs to counter-leverage their various staked out positions.
By way of analogy, radar is an extremely useful tool, yet once turned on, it can be used by the enemy to locate your position. Likewise, the Fed has telegraphed its position(s) to any who care to observe. Hence, it would be extraordinarily easy to crash the markets simply by exposing what the Fed has been doing.
Who would have such an interest? Well, in a game of poker, there are competing players. Unless we are to assume the power-elite are a unified, global enterprise, I find that assumption hard to make.
Anyone with any interest in claiming the stakes can do so at their leisure. Bernanke, Obama and their cabal of backers know this. What is holding back those who hold the cards from revealing their hand(s)? A nuclear attack? Or just waiting for an opportune moment for maximum return?
First, I always enjoy CD and B9K9 posts. Thanks.
It's late and the thread is getting old - so I'll be quick...
I'm struck with the idea that the PTB are in full desperation mode. Anything can happen from here on out. It might end with a whimper, or a bang.
I also have little 'confidence' that this will play out as the PTB might want it to. So far, they've been successful in robbing the middle class, but perhaps little else. I guess it depends upon their timeframes and their objectives. Ponzi schemes don't last forever. But Iraq and Afghanistan weren't the unqualified successes they probably were looking for (except to bolster military spending).
All I'm saying - and not contrary to your likely collective assertions - is that the PTB isn't the cohesive, all-knowing force. They seem to be losing their grip, and the endgame is near. Preparing for the 'worst'...
I really like your analogy with a poker game of competing players. I think it's a much more realistic assumption than a "unifed global power elite".
In a game of poker, it's rare when a player holds all the cards. There is however always one player who holds the winning cards, but does he know it for sure? In view of the enormity of what is at stake and that all the players have very very deep pockets, the game can go on for quite a long time before they reveal their cards.
Or do you think one player already holds the four aces?
Nice analogy, but I would think it's more like many, many games of poker, played out over various different time frames, with different winners and losers depending on the game.
Sure, but gradually, as the games are being played, the stakes are getting higher and higher, the players who are left in the successive rounds of the competition are becoming richer and richer until eventually there are just a handfull of them who concentrate all the power.
We're probably at that stage of the competition by now, and when the few players left reveal their cards, it's going to be very "interesting".
There have been many such poker competitions in the history of mankind. The one we're seeing now being played started on August 15, 1971 when the United States unilaterally terminated convertibility of the dollar to gold. And that poker competition is about to terminate soon. A few more years...
exactly ... try explaining this to an average human..ive tried.
Come back in? With what money? Seriously. Most people are broke and the rest of them are quickly headed that way!
The real collapse hasn't even reared it's pretty face......
Agreed anyone on to the game is buying food,h2o filters @ PM's.
Check, check, and check.
Add ammo, guns, and other provisions.
ef ef and ef.
Check, check and check.
Throw on some
http://baconreport.blogspot.com/2007/07/top-100-items-to-disappear-first...
These 100 items are going to vanish. If you happen to have some of these... you can do alot with them.
Also visit Galls for trauma and other resources that will be useful even though you may not be able to get properly outfitted like with medicines and such.
I wonder if we ever get a sell off if retail is not rushing in for the commercials to sell to... Is retail really this smart? Will the sheeple really resist running back in waving their dollars if the fed gooses this market back up to 1200?
Maybe I underestimated retail.
Keep banging this drum so that it can be heard above all the noise.
Of course, the common thread is that as we have said for 18 consecutive weeks, retail just wants out.
Hat's off to Zero Hedge for its work on exposing the flash trading bullshit. Lately I've noticed the trading flow seem human and not mechanical. I think showing the public how blatant the illegal nano-second activity is scaring the nano-players. All people want a sense of justice and fairness and this site helps to balance the odds a little. Thank you
The cumulative outflow plot is one scary graphic.
+1 welcome to the death of the asset class as everyone knew it.
OT @ Mission Stupid: your avatar, from Heavy Metal by chance? Looks familiar . . .
And the damn thing still goes up. Every little dip met with vicious buying. Inquiring minds want to know WHO is buying this crap ??
The servers
Well, I can tell you right now, it's not the FED. They're busy buying bonds across the curve...
Don't think they have to. Retail is jumping from the stock frying pan into the bond fire.
"Assets in domestic equity ETFs increased $82.59 billion since July 2009"
http://www.ici.org/research/stats/etf/etfs_07_10
Sysin3 asked "WHO" is buying this crap? Well ETFs have apparently been buying some of this crap.
Why did someone junk me for this? Because he doesn't like the fact that ETFs have been buying equities? Or he doesn't like it if facts are revealed that might not be in line with his warped version of reality?
This junk thing is beyond ridiculous.
I didn't junk you, but assuming you didn't really piss a bunch of people off elsewhere at ZH, maybe I can explain why.
Retail investors don't transact directly with ETF's. ETFs are created (and destroyed) in huge blocks called "creation units", usually 50,000 shares at a time by transactions between the ETF creator and broker-dealers.
For example, dealers bought 24.2 million shares of SPY today, that doesn't mean retail investors bought anything today.
http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Foverview%2Easp%3Fsymbol%3DSPY%2ESO%26table%3DNYSE
So this is a whole different can of worms. For example, at certain points during the past two years, daily volume of certain leveraged ETFs has exceeded the number of shares in existence by a factor of 30 (and no, the SEC doesn't investigate things like that).
As far as I know, stockhouse.com does the best job tracking the shares outstanding of ETFs (XXX.so)
Interesting notes: Today saw a +10% surge in shares outstanding for FAZ, while FAS saw a 4.77% redemption. So broker-dealers are betting financials tank.
P.S. Don't think tracking the creation and redemption of ETFs will give you an edge, it mostly just proves brokers don't have a clue either.
In other words:
ETF flows tell you what brokers are doing, not retail investors.
Thx for the insight.
I'm trying to understand ETFs better as I'm thinking about getting into some short ETFs at some moment in the (not too distant) future.
I believe that ETFs are another one of those things that most people pretend to understand. You are playing against your broker and he wants you to lose (despite what the commercial says).
The leveraged ETFs are particularly insidious because over time everyone loses, except the people who sell them (i.e. your broker). Shorting both sides of a leveraged ETF pair is a guaranteed winner (I mean every time), which is why no retail broker ever has shortable shares.
If you ask me, the combination of not trading and cashing out is lethal for these pricks. The only thing a crooked casino fears is no players and the only thing Ponzi schemes fear is redemption. Everyone tethered to this joke of a market who has even half a brain is scared shitless right now.
It's fun to watch!
I've been junked here, downvoted on Amazon's book reviews, downvoted to oblivion on Youtube (when I was stupid enough to waste time posting there) - all for posting facts. Some people just don't like dealing with them.
In the area of economics, we call those people "Keynesians".
I would hope the assets in domestic equity ETF's increased since the markets are up close to 20% from July 2009.
Asset size does not automatically equate to money inflow.
I would think some people have wised up and are using ETFs, but I doubt very much that is where all the equity mutual fund cashouts are going.
(And no, it wasn't me who junked you)
I never suggested that ETFs were taking up all the equity mutual fund cashouts. But their equity asset position is up slightly more than the markets are up in that period, which seems to indicate they have been taking up some of that "crap".
If someone has better data on ETF inflows/outflows, it'd be interesting to know to get a clearer picture of retail.
And No, I'm not trying to push equities, I have zero position in equities at the present time. Just trying to make myself a clearer picture. Considering shorting but still waiting a bit.
it would be really interesting to see the inflows/outflows of the 2x's/3x's ETF's. perhaps derivatives are picking up more than a bit of the slack? especially since the Fassies & Fazzies, et al have to rebalance themselves by the end of every day.
methinx u're onto somethin...which is most likely why u got junked.
tip,
If you see my post above, you'll see you can't track retail inflows into leveraged ETFs, only broker creation/redemption.
thanks mark for clarifying a piece of the puzzle. what's also interesting to consider is the counterparties for these things : GS for Direxion & JPM for ProShares. almost like the leveraged ETF's are giant herds of leverage being culled back & forth from one side of the pen to the other by the shepherds, but always staying within the fence.
I spent over an hour on the phone with Direxion a few months back and Goldman (much to my surprise) was not one of their counterparties. I asked the question like three times because Direxion holds ridiculous amounts of "Goldman Sachs Financial Square Government Fund." The guy on the phone insisted they were not a counterparty, for whatever that's worth.
I must say, I thought it was genuis for Direxion to hold their cash in Government debt. Makes them bullet-proof, ya know?
amazing what one can find with just a little bit of research...good stuff.
do you believe them when they say GS is not a counterparty? (this is a serious question, not sarcastic.) or do you think there is something sneaky going on?
Define counter party. Kid of like Bill and the word "is?"
I actually believed them; I can't think of any reason why they'd lie.
Direxion buys "exposure" called index swaps on both sides of the trade for their ETF pairs. The counterparties are the people who are willing to provide those swaps.
Direxion doesn't do any complex calculating or HF trading - they farm it out and pay the counterparties a premium; those counterparties are supposed to manage the risk.
The counterparties are big, big banks (like MS or JPM, but honestly, I don't remember who, just that it wasn't Goldie). Can those counterparties really manage that kind of exposure without risk? I don't see how. Can they manage it well enough to turn a profit without risking blowing up their own firm? Probably (at least until the next Black Swan).
I came away with the impression that Direxion provides a product to its customers (brokers) and farms out the risk. They were very upfront about the fact that the math is on their side, and over the long run, the holders will almost always lose. People want that leveraged exposure (because they're sure they're right), so they provide it.
Now don't get me wrong, I think the very existence of these things is an absolute abomination that should be stopped immediately, but I must admit, I kind of admire the structure they use - provide the product, farm out the risk, keep the difference.
Not bad work if you can get it.
Just to add one final thought: any manipulation associated with these things (and we all know there's TONS of that) is done by the counterparties in my opinion. I don't think companies like Direxion care what happens; that's not how they make their money.
mark, thanks for taking the time out to explain. this is good stuff, probably the most succinct & clear explanation of these things i've read yet.
and i agree, the whole thing is rather genius in a diabolical way.
All this says in inflows into ETF's, not which ETF's. Could easily be 50/50 long and short. Maybe even more money flowing into the short ETF's.
Probably the same people (person) who keeps buying Dark Side of the Moon, making it the best selling LP year after year. In all seriousness, however, this is just one more example of the exponentially increasing black hole that is swallowing up the whole economy, and the boys at the controls are powerless to stop it.
"Run, rabbit run.
Dig that hole, forget the sun,
And when at last the work is done
Don't sit down it's time to dig another one"
+1000
More stimulus, more printing, more BULL!
The Fed's beige book was released today with CNBC spinning the Fed's spin. Doesn't anyone see that the USSA has borrowed and spent $Trillions to get growth of merely $Billions?
Can no one see that without the 10+% of GDP that the Treasury has gone into deficit over the last several years the economy would be declining by this much?
If we need to borrow $Trillions to barely grow, aren't we in reality actually declining by $Trillions? Can no one see that this is a no win game, at some point the ability to borrow will cease?
Recovery my arse"!
The USSA is not experiencing a recovery, only bottom bounced as a pause in the "Greatest Depression".
Once the USSA is forced to live within its means, the definition of an economic depression will be displayed for all to see.
Everything for the last 47 years has been smoke, mirrors, fraud. Especially the false-flag events and obvious official cover-up of 9/11.
We will soon see just how bad it really is.
When the tide goes out all the dead bodies are exposed. This is where the USSA is headed.
The tide has already been going out for quite some time.
Levered real estate deals across the board have been exposed, levered individuals, states and munis, and lastly the U.S. Treasury.
Derivatives of all sorts have be exposed for worthless as have "receipts" for important commodities. At some point the lies will all come crashing down. The lies are a worldwide phenomenon that will touch virtually everyone who trades paper for goods.
When it comes, it will be FAST!
A total and complete break of confidence in EVERYTHING we have learned and become accustomed to in the way of values.
Isn't it funny that for virtually all of lives we have been "taught" that Gold and Silver have no value? It will not be so funny once confidence breaks that Gold and Silver will become the "ultimate values" because virtually no one owns any!
And those holding ETFs who think they do!
Only 1 in 100 REALLY do! Gold is not even close to a bubble.
The lies have created a BLACKHOLE of ANTIMATTER!
Putting a Dollar figure on Gold or Silver is a ridiculous task.
Ridiculous because the Dollar is not, and has never been, a stable measure of value nor has it's supply been stable. One can say "Gold will trade at $3,000 per ounce", this may or may not be the correct number but you must remember that this figure is in TODAY's Dollars.
Once the USSA enters into hyperinflation, all Dollar figures will depend on how many are "printed".
$100 Billion 5 years from now very well may have the purchasing power of $3,000 today!
No one knows!
It is for this reason that you DON'T trade your Gold related assets because what might look like a top today could certainly be, in Dollar terms, merely pennies in the next few years.
It is very very important to understand this concept, your financial life will depend on it.
It would be very wise to study past hyperinflations, have a plan; at least know what to expect. Once hyperinflation starts, it will not stop and it will be too late to learn how to weather the storm.
Hyper inflation's in the past have burned like wild fires in 50 mile per hour winds. Today we live in the computer age where transactions can be done at exponentially faster rates of speed.
What might have taken 6 months or several years to destroy a currency in the past could now happen in a month, a week, or even over night!
Laugh if you want to, this is the only possible endgame because governments worldwide cannot possibly pay back current debt in current scrip, they will devalue.
Don't be one of those who gets devalued!
GO GATA !
Great post DP.
When the tide goes out all the dead bodies are exposed.
Peolpe say let it fall and correct and we can get on with it, but I think the PTB would have too many dead bodies that are gonna appear if they took that route, FTDs & CDOs with no real 'C' for example.
Hence, the fog of extend and pretend ... for a while longer.
"Putting a Dollar figure on Gold or Silver is a ridiculous task.
Ridiculous because the Dollar is not, and has never been, a stable measure of value nor has it's supply been stable. One can say "Gold will trade at $3,000 per ounce", this may or may not be the correct number but you must remember that this figure is in TODAY's Dollars.
Once the USSA enters into hyperinflation, all Dollar figures will depend on how many are "printed".
$100 Billion 5 years from now very well may have the purchasing power of $3,000 today!
No one knows!
It is for this reason that you DON'T trade your Gold related assets because what might look like a top today could certainly be, in Dollar terms, merely pennies in the next few years.
It is very very important to understand this concept, your financial life will depend on it."
Sounds hard but really isn't . Never sell your PMs for the existing currency. Only sell them when the currency is replaced and is stable. How many dollars would I sell my silver and gold for? None. How many Ameros or SDRs? Well, we'll have to wait and see......
Not to worry there are plenty of fresh sheep to shear over in Asia, the country of China and India will soon enter the frey and they can get taken downtown instead of us working class dogs.
Keep it up folks. When inflation kicks in and P/E's skyrocket you can buy it back from me for a nice profit. Retail suckers sell low, buy high.
does your name reflect your profit profile?
That was just derp.
+1
In case you didn't notice...inflation is the one thing the Fed hasn't been able to buy...
I will taking your shares from you at a P/E of 6...
In case you didn't notice...inflation is the one thing the Fed hasn't been able to buy...
And won't be able to...
http://www.minyanville.com/businessmarkets/articles/harry-dent-demographics-debt-deflation-inflation/9/3/2010/id/29937
You are definitely the Robert Kiyosaki of finance. I bow to your stupidity..
A sound basis for any rational decision. Carry on.
Delusional
-1
I think u just lost the internets
It probably goes against most retail investors decisions but you gotta cake out into strength in this market and forget about it. Pesonally Im waiting for a big pop above the highs ...Dow 11888-12888....just so Goldmans know Im doing the eight's
Stay long ! TPTB will not allow this market to fall. No better proof than what you just posted. Huge outflows and yet the market maintains a bullish stance. No way they're gonna let this market fall, they know how critical a healthy stock market is to consumer confidence, spending, etc. Might as well play along, don't fight it.
same thing happened in 2008 and it eventually collapsed anyway
It's been moving sideways for five months with huge volitility. No thanks.
So manipulation is the new norm for a "healthy market". You deserve what's coming.
call it what you want, this market will likely go much higher than you could imagine
So will everything else....
well played
I about as bearish as they come, but such massive, consistent retail outflows to me is a strong bullish signal. Whether there is actually a conspiracy to destroy the middle class matters less than that the world acts as though there is -- i.e., middle class out = stocks up. What say ye?
Except what if the outflows are asset allocation per se, but (1) selling stocks to pay for living expenses; (2) re-allocation to less risky assets as the Baby Boomers age; (3) no savings from upcoming generations; (4) a complete capitulation from the rigged stock market?
I tend to think all of the above. Main Street sees the recovery differently than Wall Street.
I think this is a demographic issue. Older folks (boomers) cannot take anymore risk as they head into retirement/ government sponsored care. The actual indices can go to infinity as the real buying power of the dollar is debased over time. With a Dow approaching infinity and the dollar at near zero, your real buying power is...near zero. They are buying..GOLD!!!!.
What you are seeing is not a strong bullish signal but an overload of Metamucil by Wall Street..
Artificial levels,lack of confidence,people withdrawing their money, is that allowed in a totalitarian state ?
I need to check with the Ministry of Allowable Actions.
Before that I need to check with the Ministry of Allowable Petitions.
And before that I will need to check with the Ministry of Allowable Thoughts.
double plus good.
Cost of maintaining political power, 2.5 trillion. Cost of maintaining a failed equity market, 1.9 trillion. Cost of happy happy joy joy...priceless...
The disconnect is not just ridiculous, it's diabolical. This confirmation of desperation is wondrous to behold.....authentic and invisible.
Kudos to the perps, whomever and wherever they may be.
HAL - vs. - SKYNET.
As the retail sheep sell, lots of cheap stock for the rest of us (and cheap debt financing as well!).
sold to the assholes who create money with a keystroke
lets see now. an international criminal cartel has taken control of the most powerful military the planet has ever known and the largest economy in the world.
thanks to sites like ZH the truth is filtering down to citizens. its unfolding and it won't end well. get out , get out, where ever you are.
get physical gold and silver.
And guns and ammo!
Problem is, the truth won't help as long as people hold the belief that they are "citizens" of something. All it does is to make them feel more helpless in their enslavement.
...an international criminal cartel has taken control of the most powerful military the planet has ever known and the largest economy in the world.
- Succinct
Cash me out and fast Wall Street.
The Herd is moving out and taking their money with them.
They need start to raise the Capital to stay solvent or liquid long enough for 18 more weeks of redemptions if necessary.
Gravity is a constant unstoppable force of nature. No matter how long, how strong and how much you endure the pain you are eventually going to go down when the market runs out.
Don't worry. Happy days are here again some day, think of that money flowing back in. That should be enough to keep a bed warm in the long cold nights.
Those that are cashing out need the FED liquidity. Let us hope it continues until all of Retail get their Money safe away from the Market and the FED.
harvey on todays metals...
http://harveyorgan.blogspot.com/
an international criminal cartel has taken control of the most powerful military
Soros?
Centrally planned economies usually end pretty well.
Wait,what?
Even fidel has seen the light, decades and millions of lives later.
http://www.google.com/hostednews/ap/article/ALeqM5ghGthxqnYMWcICCnEkjH5ayqPamQD9I3U2SG1
Someone break it to the mulatto lightly.
Stop with the racist shit. This is not a racist site.
I'm not sure any other proof is needed to understand the fed is the primary driver of the markets. We know where to look, POMO is how they ramp with their pyroclastic hot money flows to the crooked primary dealers. I just can't believe what we're witnessing but yet I can. They can't let the markets fall, I think they were hoping they would find a way out of this, that the economy would rebound and they could exit. Thats not happening. The average consumer has been absolutely buried. Maxed out credit cards, negative equity and every penny has been sucked out of their homes. The fed has to exit eventually and thats where you get short.
they will need a distraction while they print.
Yes, that same old misjudgement of depth and duration hangs over the central planners. Now 2 years of manipulations have brought them right back to zero.
Rear view mirror economic theory finally meets the New Normal.
Credit cards paid.
House and lands free and clear, outright 100% Equity plus 10 years worth of increases in assessments. Taxes remain low and constant.
Utitlies increasing. Everything replaced with 30 year old electric stuff tossed and new insulation installed. All energy star. We already have seen 2/3 drop in kilowatt usage over 10 days versus average last 10 months.
Vehicles paid early free and clear.
All of that thanks to cold hard cash, overtime and working in a field that is safe from cuts, firings, losses and such. If we now lose these jobs (I am laid off already) we can live within our means on one part time income close to home and have savings in place along with other problems.
We cashed out of wall street some years ago and left the FDIC banking system behind. It's all Credit unions now.
Not to boast or brag. But we are not in trouble unless the United States somehow gets invaded, nuked or zombies roam the place. Not likely to happen any time soon.
In the mean time we continue to chop firewood and learn how to garden, live by colonial standards and how to cook proper meals over a campfire. We really dont need the grid anymore. But it is nice to have anyway.
A few years ago we were considering maxing out the house equity to pay off the debts and place everything at risk should we default. I'm glad we did not. But those were really really dark days with possibility of bankrupcy, homelessness and other problems.
Do whatever you must do to get solvent, liquid and able to have extra un-needed funds by the end of the month. Then you will be free from being a slave to debt.
As I said last week I am pretty sure that these numbers doestnt include ETFs so the thing is not people are probably just moving from mutual funds to ETFs instead. If you look at this link then as I understand very much indicate that - http://www.ici.org/research/stats/etf/etfs_07_10
follow the money.
From the article above:
PS, for those confused by contrary media reports elsewhere, ETFs, as we disclosed previously, saw a major outflow in August as well (except for notable gold ETF exclusions). This is a secular rotation out of stocks. Period.
Furthermore, through July there was $48 billion in ETF inflows YTD (and an outflow in August, so YTD the number is lower than $48 billion). And then, of this $48 billion $25 billion was into Fixed Income ETFs, and $6 billion was into commodity ETFs. So YTD equity ETF have seen less than $17 billion. Tell me how that compares with the $62 billion YTD outflow number referenced above. (Source: July Invesco Powershares report).
Hi Tyler. I am not saying that there hasnt been any large outflow I just think its a statistic that should be read carefully now that we know there is a lot of activity in the ETF market. From ICI numbers to me it looks like there untill july was inflow of approx USD 36 bln. to domestic equity funds (and yes it doesnt say anything about august) - still well below USD 62 bln. What I am just trying to say is that you cant just look at the above number when you miss a very big part of the market, if you try to put it into connection with the market movement in the overall market. I saw at some point some Lipper FMI data (I dont have access and dont have the file here) that I remember showed something different when you started to count the weeks with outflow and that was when I got confused.
I am waiting for volume to pick back up after the summer lull
under 4 billion shares trading each day
are the big stock traders still on vacation or is the low volume just another sign that people have finally realized that stocks are for suckers?
My guess is even if the volume comes back it is still because the PPT decided to give the market some life.
I got out of this market at 1150 in my personal portfolio. Since then market hit 1200 plus and then started this current downtrend.
I wouldn't wanna get into this again till we hit 1150 with some volume and test that as support!
That could happen in a two weeks(doubt it) or two years. I am ready to wait.
Till then cash is king.
Once the destructive impact of the Fed's daily meddling in the stock market is eliminated, it will get there.
We have been waiting for this to happen for a long time. Not sure the Fed will ever leave. They are all in for the long haul. The Fed will take down the entire country before they give up.
This cannot end well.
sschu
My theory is the outflows have nothing to do with loss of confidence.
If that were the case then we would see a flight into regular savings accounts, CD's etc.
Is there any data to show a matching increase into savings bonds?
I think this money is going to pay bills. Pure and simple middle class squeeze.
So, watching this exodus has gotten me to thinking about its endgame.
Right now, the Fed is maintaining stock prices in order to prevent the disappearance of paper wealth, even as equity prices are being pressured downward. Currently the S&P market cap is around $10T. Let's imagine for an instant that they can print enough notes over time to monetize the entire index while maintaining the stock prices. What do we end up with? The Fed owns everything, while everyone else has fistfuls of worthless dollars.
At that point we are fully enslaved.
Now, I doubt that the Helicopter Ben can pull this off, but his chief adversary, the bond market, has already been setup in the same manner (thanks for your help, Erin!).
Given these two markets have been totally destroyed by previous Fed monetization, can there really be any other outcome than hyperinflation? Or is there so much debt that even hyperinflation cannot escape the demands of debt service/default, and all of the dollars end up being absorbed by the banks, giving a "final solution" to sopping up all that liquidity?
Then there is the fact (that I'd forgotten until I went looking for the S&P market cap), that they changed the index in 2005 to only measure cap based on the float. What is going to happen when some of the institutional holders start trying to liquidate? Will they get bitch-slapped? Or will they prematurely short-circuit the endgame?
Well, at least I've got something else to ponder over a beer tonight.
"Or is there so much debt that even hyperinflation cannot escape the demands of debt service/default, and all of the dollars end up being absorbed by the banks, giving a "final solution" to sopping up all that liquidity?"
This, I believe, is the plan. Then they fade to black like the Cheshire Cat.
"This, I believe, is the plan"
me too...the hyperinflation has already happened...it's just virtual.
Newcomer here, could you please explain how logistically the banks would absorb this monetization of the entire market cap of the S&P. Virtual hyperinflation, very interesting concept, could you expand on these ideas?
I'll take a quick stab at the first:
1. They don't need to absorb the entire market cap of the S&P. Just be marginal buyers of stocks, especially when volume is low and there is no substantial alternative lean to the market.
2. They can buy futures, which take little margin.
3. They can borrow in overnight markets for .25%.
4. They can sell other assets (precious metals) to buy S&P's.
5. The Fed may or may not be assisting them, or even buying for its own account. Audit the Fed!
6. They can view the books of all of their Prime Brokerage customers and lean against them.
7. See GS's 100/100 profitable performance Q1 2010.
Welcome to ZH.
Thank you for taking the time. Much better, crazy to contemplate but fits in with my belief that, while it is inevitable, a collapse of this system is going to take a long while and they will bleed us for a long time yet..
I dunno. They've certainly kept it going longer then I thought they would be able. However, I think they only have months, and not years. It won't be an immediate collapse, as QE II-IV will slow things down. But the slide will begin anew this Fall. Europe is a powder keg of banking and populist problems. Muni crisis in US is accelerating. 12-18 month rollover. Read B9K9, CD, and some others to see what the other side might look like.
Let us all Pray that it is a soft landing then..
Buyback City
Call me when the perp walks start, I might be interested then.
That 'International Criminal Cartel' will take your money in the market, and if you take it out they'll get it via inflation. In the end they'll get your gold too. May as well spend it while you have it.
There should be yellow crime scene tape strung around the entire NYSE building and CBOT.
If you could imaging how bad things would get if we saw Dow 3000 then you know who's buying the dips.
Retail outflows offset by purchased S&P bigs. Those contracts will expire without demands to make them whole.
Phantom futures.
All I can say is that Joe Sixpack must be kicking himself from staying out of the market and missing these huge breakout moves in the leading stocks, some are up 200% already.
Yeah, but how 'bout the loot he coulda made betting the Padres would lose ten in a row!!!
RoboTrader. well said! I am still amazed by the stubborness how ZH contributors are trying to sell the correlation "retail money outflows" - stock valuations, i.e. stock market levels. Is there scientific proof, has there been made serious research on the matter in question ? Do we have to "believe" the hypothesis that the higher retail money outflows, the lower stock market levels "must" be ? A critical voice is searching for comprehensive answers...
Despite what you may think, the raison d'etre of your beloved market has been to fleece the masses for thirty years now. You want scientific proof? Calculate the actual returns of all mutual funds since January 1, 1980 (when the 401(k) laws went into effect). They have underperformed inflation, and that's pre-tax.
But without the tsunami of cash the 401(k) law sent Wall Street's way, we'd still be waiting for the Dow to crack 1,000 and people like you would have starved by now (not necessarily a bad thing).
Main Street has been bailing out Wall Street for 30 fucking years now and that's a scientifically provable absolute truth. You're welcome; and good luck without us.