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Retail Investors Celebrate 32 Consecutive Weeks Of Equity Outflows By Pulling Money Out Of Taxable Bond Funds As Well

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Wed, 12/15/2010 - 18:29 | 809704 Cdad
Cdad's picture

"Retail Investors Celebrate...by pulling money out of taxable bond funds as well."



Wed, 12/15/2010 - 18:55 | 809788 scatterbrains
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I'm worried about karl D.   every time I try to load his page I'm getting timed out.. specialy since he ran that piece on dude that snapped on his local board of ed.

Anyone know whats up ?   The tin foil in me has his site getting attacked by us.gov


Wed, 12/15/2010 - 19:27 | 809910 Stock-Paper-Silver
Stock-Paper-Silver's picture

Hindenburg 2nd day in a row, Bitchez.

Wed, 12/15/2010 - 19:29 | 809926 boricuadigm-shift
boricuadigm-shift's picture

Out of Bonds and Out of Stocks.... hmmm?  Into... Yep  Gold/Silver!

Wed, 12/15/2010 - 20:05 | 810065 whaletail
whaletail's picture

Some, yeah. But the majority will hoard. Then, the QEn will debase and then all those dollars will flood the system and the Austrians will be proven right. [cue the horns of irony]

Wed, 12/15/2010 - 19:45 | 809992 dogismyth
dogismyth's picture

whattya talking about??  The US Fascist regime loves splinter groups like Denninger that incite panic, chaos and more confusion to the situation.  He's a helluva guy!

Wed, 12/15/2010 - 18:31 | 809714 Ragnarok
Ragnarok's picture

the primary objective is capital extraction


Restores faith that not every American is a sheep waiting to be sheered.  If only theyd make the next logical step and move that cash into physical PMs.

Wed, 12/15/2010 - 18:39 | 809745 OpenEyes
OpenEyes's picture

the primary objective is capital extraction

Could mean that the wolves are running out of sheep to shear.  I think that quite a few folks are raiding their nest-eggs, 401K's, IRA's not to re-invest in PM's, but because they need the money to pay bills, buy stuff, continue the dance.  When there are no more sheep to shear the game is up.

Wed, 12/15/2010 - 18:45 | 809762 Ragnarok
Ragnarok's picture

A little of column A, a little of column B....

Wed, 12/15/2010 - 18:53 | 809781 Rainman
Rainman's picture

I agree, the housing ATM is probably being replaced with the 401-k withdrawals or borrowings. Old spending habits die hard, but this time I think people really gotta have cash to pay monthly necessity bills......like data plans for the latest handheld devices. 

Wed, 12/15/2010 - 18:54 | 809784 Violetta (not verified)
Violetta's picture

"the trouble with socialism is that you eventually run out of other peoples' money".  -- margaret thatcher

Wed, 12/15/2010 - 19:21 | 809890 Founders Keeper
Founders Keeper's picture

["the trouble with socialism is that you eventually run out of other peoples' money".  -- margaret thatcher]---Violetta

And, the trouble with free enterprise is...is...


Oh yeah!  The trouble with free enterprise is that governments eventually run out of bureaucrats.


Mon, 01/10/2011 - 01:50 | 863118 Violetta (not verified)
Violetta's picture


Wed, 12/15/2010 - 19:36 | 809941 boricuadigm-shift
boricuadigm-shift's picture

I wasn't allowed to take out my 401k at all.  They only allowed it for very specific reasons or termination.  I maxed out my loan and bought precious metals back when it was 1050/17 (first time buy).  I'm repaying them in devalued fiats!  Not a bad investment at all!  :-) 


I keep exchanging fiat with PM every quarter, following harvey and others to buy the effing dips of that quarter.  Happy camper so far! :-)

Wed, 12/15/2010 - 20:15 | 810086 IQ 145
IQ 145's picture

 excellent. good for you.

Wed, 12/15/2010 - 18:42 | 809757 SheepDog-One
SheepDog-One's picture

Move cash into physical PM's, thats good, but physical non precious metals are great as well! Copper encased lead, brass, etc.

Wed, 12/15/2010 - 22:26 | 810444 Iam_Silverman
Iam_Silverman's picture

True point, but to be serious, I would think that copper could very well be moved into the PM column here soon.  Anyone read the article where China was looking into a tri-metal backed monetary system?  Who is stockpiling copper reserves?  China, and to some extent JPM - but only because China is too!

Reload.  It is relaxing and you can see the satisfying results as the finished product build up on your workbench!  You get to handle the brass, jacketed lead, and feel the satisfying crunch as your Lee factory crimp die seals the deal.

Wed, 12/15/2010 - 18:35 | 809720 pamriallc
pamriallc's picture

consider that in waves, people will pull funds from the debt side and rotate to the equity side.  due to the relative "myth of stability" with respect to bonds vs stocks, we witness that people re-rotate back toward the equity side much more carefully.  huge franchise businesses are *CHEAP* and as such, will be the willful recipients of the cash over the next few years while the *junk rally* we have witnessed will fade into memory like those "uber-hot" leasing stocks people priced like an internet bubble--- as in the 1970's.  quality will again reign supreme.  patience will be a necessary virtue.  we would rather rather load our portfolios with CVX, MO, COP, PEP, MCD, PFE, MRK, LLY, XOM, KO, WMT, CSCO, MSFT, INTC at an average P/E of 9X (after deducting all of the cash per share) and get an after-tax 11%+ earnings yield for 10 years (plus inflation) vs (even) a 7% 10 year bond.  not particularly difficult work, but it takes patience so no one wants to do it.  Shawn A. Mesaros, Pamria, LLC

Wed, 12/15/2010 - 18:54 | 809783 pitz
pitz's picture


Wed, 12/15/2010 - 19:10 | 809838 Bill Lumbergh
Bill Lumbergh's picture

I believe data would actually support people are more heavily weighted (at least prior to all these withdrawals) equities than fixed income.

Wed, 12/15/2010 - 20:41 | 810147 IQ 145
IQ 145's picture

 Like the generals in WW I you have the perfect plan for the last war. It's not going to happen. growth exists in the past tense. crash and burn doesn't pay returns in the stock market.

Wed, 12/15/2010 - 18:32 | 809723 max2205
max2205's picture

Looks like the trend is decelerating Buy the tail!!!

Wed, 12/15/2010 - 18:33 | 809726 unwashedmass
unwashedmass's picture


you have to wonder when these morons are going to figure out that the peasants -- who now have had every dime stolen from them, and don't have jobs, or if they do, are trying to keep heads above the non-existant inflationary waters -- when these idiots praying retail will come back to take the stock they pumped to the moon off their hands.....

when are they gonna figure out they've taken EVERY FRIGGIN' DIME FROM THE PEASANTRY and there is no more to steal???

Wed, 12/15/2010 - 18:44 | 809751 SheepDog-One
SheepDog-One's picture

Exactly right, WHO does the FED believe is available for endgame, that is dumping their trillions worth of stocks and bonds to is beyond my comprehension, and the only real relevant question!

This is the fuking Underpants Gnomes!!
Step 1- Collect underpants.
Step 2- ??
Step 3- PROFIT!
Exact same fucking thing!

Wed, 12/15/2010 - 18:47 | 809766 Cdad
Cdad's picture


Step 1- Collect underpants.
Step 2- ??
Step 3- PROFIT!


Wed, 12/15/2010 - 18:52 | 809778 SheepDog-One
SheepDog-One's picture

Ever seen that episode? I tried but couldnt find a good clip, hillarious!!

Wed, 12/15/2010 - 19:49 | 810003 dogismyth
dogismyth's picture

the Fed is only doing what its alway meant to do...and that goes for all the Central Banks.  They have no use for fiat currency and could care less what they pay for treasuries and other bonds.  They are simply buying the Titles to all the world's property and land.  They'll control everything through default.

Wed, 12/15/2010 - 21:47 | 810356 merehuman
merehuman's picture

BINGO!   Dogismyth has it!

Wed, 12/15/2010 - 18:33 | 809727 Critical Path
Critical Path's picture

The second chart looks oddly similiar to net government revenues

Wed, 12/15/2010 - 18:34 | 809730 random shots
random shots's picture

How about a comparison to 2000 and 2007 (market tops)?

Wed, 12/15/2010 - 18:35 | 809731 I Am The Unknow...
I Am The Unknown Comic's picture

I am 100% confident that capital outflows are good for stocks.  It's ALL good (and don't you ever f#$king forget it you rebels)! 

Wed, 12/15/2010 - 18:35 | 809733 TheSettler
TheSettler's picture

investors are rotating out of bonds and into stocks ?????


is this not backwards?

Wed, 12/15/2010 - 18:41 | 809754 SheepDog-One
SheepDog-One's picture

Nope, investors are rotating out of stocks as well, and rolling towards the gun store.

Wed, 12/15/2010 - 19:29 | 809928 Founders Keeper
Founders Keeper's picture

[...investors are rotating out of stocks as well, and rolling towards the gun store.]---SheepDog-One

Rotating into gun stores.


Wed, 12/15/2010 - 22:30 | 810449 Twindrives
Twindrives's picture

Buy the dips, in ammo prices.

Wed, 12/15/2010 - 18:37 | 809738 Spalding_Smailes
Spalding_Smailes's picture

Buy the fucking dip'

Wed, 12/15/2010 - 18:39 | 809743 Spitzer
Spitzer's picture

Your buying US bonds here ?

Wed, 12/15/2010 - 18:54 | 809790 pitz
pitz's picture


Wed, 12/15/2010 - 18:57 | 809800 SheepDog-One
SheepDog-One's picture


Wed, 12/15/2010 - 19:26 | 809903 Spitzer
Spitzer's picture

don't insult me like that. I would not buy US treasuries with ben Bernankes money

Wed, 12/15/2010 - 20:04 | 810061 pitz
pitz's picture


Wed, 12/15/2010 - 18:42 | 809739 Problem Is
Problem Is's picture

32 Weeks of Increasing Cash on the Sidelines
Now, let's go to our head dickweed correspondent Dennis Kneale to tell us why this means a big surge in equities ahead...

Wed, 12/15/2010 - 18:39 | 809744 homersimpson
homersimpson's picture

Don't worry - Harrywanger has been propping up Nasdaq with his APPL purchases.

Wed, 12/15/2010 - 18:40 | 809747 doolittlegeorge
doolittlegeorge's picture

and yet again you hit upon something terrifying but fail to note it.  it's not the "imminent 2008" scenario but instead "that foreign outflows will be reversed."  this is in fact where "the debt lards" have been "going great guns for growth."  in "safe foreign lands."  indeed "should those foreign fund outflows actually be reveresed" you will see a dramatic a material impact upon those who basically see the imminent debt apocalypse as "nothing equities can't shit upon on their way higher."  phucking pigs--"always claiming greater equality than all the rest."  i say DRAW THE LINE AT HAPPIUM!

Wed, 12/15/2010 - 18:41 | 809755 tmosley
tmosley's picture

Is everyone getting cash to stuff in their mattresses, or are they getting cash so they can go buy gold at the local coin dealer without alerting their respective governments?

Wed, 12/15/2010 - 18:47 | 809764 SheepDog-One
SheepDog-One's picture

Getting some rifles and cases of ammo as well. People think someones money has to either be in stocks or bonds, most people now have neither. Roll to the Costco and gun store, stock up.

Wed, 12/15/2010 - 18:59 | 809806 Violetta (not verified)
Violetta's picture

now boys, let's play nice.

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