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US Retail Investors Throw Up On Bernanke's Invitation To Buy Stocks
Another week, another retail outflow from domestic equity mutual funds - but this time it's different. Now 11 weeks-in-a-row of outflows have led to this week's highest outflow since August 2011 - just as stocks hit multi-year highs. It seems no matter how much Bernanke says 'come on in, the water is fine', the newly-smart money (or fooled one too many times perhaps - is it any wonder when only yesterday CNBC was discussing Selling AAPL Puts as a viable strategy?) of the retail investor is smelling sharks and fading the strength. With $250bn in outflows since the start of 2011, and $50bn alone in the last 11 weeks (as the market inexorably rises on Johnny-5's instruction), we can't help but think this week's $10.6bn outflow is redemptions at the end of Q3 - not exactly what the performance-chasing, money-on-the-sideline-hoping, recovery-is-around-the-corner-believing long-only commission-taking 'managers' wanted to see.
Data: ICI
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Sell-Side Wall Street to Jimmy Q. Public:
Bernank no need no retail investor; Bernank give infinity to bank; die sheeple die.
These two comments plus headline = lmao
Nothing more to add.
Hahahaha.....SUCK MY COCK BERNANKE !!!
Can I hear a "Fuck you Bernanke!"
Fuck you Bernanke!
COME ON..............LOUDER!!!! FUCK YOU BERNANKE!!!!!!!!!!!!!!!!!!!!!!
Dear Ben: Due to your "saving" of the banks and their never losing market days, retail is FUCKING BROKE, you moron. Congrats on destroying the market with unchecked greed.
If they can't steal it from the sheeple at their rigged casino - - they'll just tax and inflate away any wealth the people have left.
Will Joe Public take his attention off the big screen t.v. - when he really starts to get squeezed ?
Joe Public knows that no matter how much $$ you print..when you have 11% unemployment, no one wants to spend $$...can anyone say stagflation?
I pulled every last dime out of the stock market back in late 2008 and converted everything to Phyzz. Been stacking ever since. Absolutely no regrets. Paper smashdowns don't mean shit to me. If anything, I BTFD with whatever incresingly worthless fiat I happen to have on hand with every opportunity Blythe throws my way.
When you hear arguements about machines having a trading advantage over other machines merely because of the length of the cable between servers, is it any wonder that retail is fleeing for the exits? Who in there right mind is going to trust their money in such a system? Frankly, I'm surprised CNBC is even still in business.
WALL-ST-MART coming to a neighborhood near you.
I dont care how convincing a Great White shark in a 3 piece suit and $1,000 shoes may sound when he says 'Come on in, the waters just FINE!'....dont do it.
Redshield alert!
Iceland Dismantles The Corrupt, Arrests 10 Rothschild Bankers, Then Issues Interpol Arrest Warrant For Rothschild Banker Sigurdur Einarsson!
http://politicalvelcraft.org/2012/10/09/iceland-dismantles-the-corrupt-a...
Finally, someone knows how to play this game.
Is that real? I tried to search for confirmation but my Icelandic is very rusty.
.
It would be nice. But, judging from the tone of the website it does not appear credible. Maybe it is.
Telegraph UK is reporting this as well http://www.telegraph.co.uk/finance/financialcrisis/7714122/Interpol-hunt...
May 2010. Really?
Interesting Link. Thanks.
But his last name is NOT Rothschild! /sarc
We are all Icelanders now! Awesome, Iceland!
June 2012. Really?
The market is a decaying shell of a once efficient model. sad - but we still have chicks - http://bit.ly/gFWVSm
I'd hit that armpit.
I knew we couldnt hold it green today.
This is like watching a drunk guy who just realized he stood up.
"Now what the hell do I do?"
Danni Ashe, STILL the best put-together babe in da world!
Break the buck on that money market and let's get em in at gunpoint.
I wish i can say "tza bitchez"... with conviction, but weve been here before.
It's too bad retail is piling into that safe "asset"...ahem..liability called bonds. When that bubble blows it's all over for Mr. and Mrs. retail.
Doc serious question. Is there a better chance the Fed steps away from buying treasuries and watches the most incredible bubble in history blow sky high and taking everyone with it? Or better chance two years from now gas is $6 food prices have exploded, gold is 3.5k and Bernanke is out there with his nose growing by the second as he claims rates have to remain low and there is no inflation?
Which way we goin?
Option 2.
Central planners will always maintain the status quo as absolutely long as possible.
It's a tough call. My guess is option one surprises everyone and yet we still end up with $6 gas etc. But they have certainly made it clear they are okay with option 2.
I will add that Bernankes balance sheet will have exploded by 5 trillion by then....
bernanke will do anything to save the dollar........a deflationary collapse he walks away to save the dollar if he knows the alternative is to completely annihilate the dollar....................if hyperinflation did manifest, he would make sure the dollar was quickly pegged back to the $8,000 tonnes of gold (assuming, big assumption i know) sitting under manhattan..........he will never let the dollar turn to dust......................
Actually, and this is a prediction and nothing else, I think they'll just find him dead one day.
See you at the FEMA Camp everyone.
He should probably stay away from helicopters.
I don't think there is a chance in heck the fed will step away from treasuries. It doesn't matter who is at the helm they will be buying. Tyler said if Mitt wins Bill Dudley will be the fed chair and Dudley is a bigger dove than Ben.
I guess my point is. If that is the case....and it certainly seems the way we are heading...the bond market never really explodes right? You just get paid back in worthless dollars. Or am I missing a part of the equation?
Lately Jamie Dimon and Romney etc. have said ( I know I know I am nuts for believing anything they say) that the bond markets will turn against the US.
That's true when it comes to treasuries but that's not necessarily what retail is buying. Take a look at how junk and corporates are trading. At some point in time the bond vigilantes will wake up and overwhelm Ben too.
It's going to be interesting to watch the insane dislocations that take place. To your point if the ten year is 1.5% and 10 year investment grade credit has blown out to 10%....
I'd rather own non financial corporates but no junk. Anything that has not already borrowed massive amounts of money is probably toast down the road.
it does creep me out that romney and dimon have mentioned it.............i cant figure out what they could be up to but it cant be good for any of us...that much we can figure out.........
I think it is kind of simple. The bond market will inflict the austerity that the politicans will not. This group of politicians will be far far away with a nice setup and future elected idiots will blame them. But in the meantime everyone else will have to take their medicine. The markets will be decimated but the dollar will supposedly be saved.
i still have no doubt that the dollar will be saved. thats why i call for people to save physical cash because it will be very hard to come by...the ratio of digital dollars to physical is mindnumbing.....but why would romney say that the bond markets will turn when he is one of the "future elected idiots" that will have to deal with it....unless of course he already knows he isnt winning?????..................
probably because it will seem like he was smart enough to predict it even though there was nothing he could do about it. It would make him seem credible.
Hey Rocky......watch me pull a rabbit out of my ass!!!
Maybe people are accelerating withdrawals to buy jobs on the new BLS exchange.
Madonna is proof reality cannot be liposuctionned forever.
Why doesn't Ben just start buying stock to?
Not sure if "smart money" is the way to put it given that the buying power of the dollar is being debased all the time. I sat on the sidelines for 2 years until the Bernank went "all in". Now I don't have a choice but to be in the market because I cannot get my fiat out of my 401k to buy PMs with. I can earn absolutely nothing being in a money market fund or risk all of my increasingly worthless fiat in the stock market. These are the choices for people like me whose retirement funds are trapped in the system. In this case, the "smart" money is that which tries to retain value by whatever means are available.
You can't "take out a loan" against your 401k?
Do you at least get visiting rights to your imprisoned money for a brief fondle?
If you can manage your 401K..buy CEF or PHYS or PSLV...
You are assuming there really is anything in the 401k other than a represented number on a bank statement.
Same problem with my 403b.
I need to die or get fired, evicted,divorced or do major renovations on my primary residence to get money out. Hey how about I pay the taxes and the penalty and we call it even? Nope I am stuck and when everyone sells I am stuck watching my retirement disappear.
No more contributions.
If you have any post tax $$ you can roll that out/over plus the cap gains (you'll owe taxes on that) to a roth. Make it a self directed roth ira.
The flood of well deserved bad press on HFTs has more to do with the dismal numbers than QE3. It seems everyone knows the market is broken, except for the exchanges and investment banks.
If retailers thought they had a fair shot, they might take a risk.
which is why the wsj is a crock. last week they ran a story i think regarding HFTs ie thats the reason retail wont get in. no no no. its because retail knows this is a propped up rigged abortion. another half truth. shocker
Exit stage left. Here we go again.
It's getting a bit incestuous in there.
Shall we play a game? ... Let's play Thermonuclear destruction of your retirement by HFT traders. Bernanke must be disappointed that some are declining his gracious invitation.
Retirement.. Yea, I had one of those.
bullish!!
QQQ needs Potter love.
To be fair etf's have seen record inflows..just sayin
Junk Bond ETFs
@PUD
I hear this counter argument from time to time. A few thoughts:
If your into 3x etf shorts, should that count as an inflow?
What are my "into 3X eft shorts"?
Try TZA
Watched CNBS yesterday. ROFLMAO! The number of bulltard managers. They may as well flash a blinking "BTFD" across the screen. It's over. The love affair with stocks is over. Check back in 10 to 20 years.
CNBC is always full of bulltards. Reactions of uber disgust to the bulltards is what I am interested in as far as psychology goes. But really, they printed a buttload of money and gave it to the speculator class. That is all you need to know. The business end will catch up.
cursive buy now!!!! grandpa warren says something about fear and greed and stocks and he is always right!!!!!........cnbc says buy and hold.....................buy now and be left holding the bag ;).......
The market was up 0.3% this morning and CNBC called it a "rally".
Bernanke's photo is a good backdrop to a dart board. In times past these fed members would be listed as public enemies.
He's the King of Spades in my personal deck of cards.
My thesis is bullish.
Bernanke: really guys you can trust me here see the huge pile of dollars we have the money and i can always print more
The retail investor does not have enough $s to make any form of QE work for him. They are seeing the dollar debased and the real cost of living in food and energy is going up. In the past they were able to generate some fixed income, not now. They are unemployed or have rolled down to a lower paying full or part time job. They are in liquidation mode just to survive. One cannot create enough wealth for them through the Central Banks' experiments. As this progresses the amount of social upheaval will will continue to rise as the supppresion of the common man / investor is excacerbated by the Central Banks. People would be equities if they did not believe the game was rigged against them. I guess one might see an inflow if the retail investor was given a CTRL+P option.
Most underreported (in the U.S.) fact that could cause a major SHTF.
The Turkish-Syrian conflict is ongoing and reaching new levels every day. Now, a true conflict between those two might not cause a pan European crisis but if the Israelis think they can use the confusion to attack Iran...my friends, in that case you better get the hell out of any and all markets you might still be in. Because all bets are now off.
@The Count, thanks, you are correct, it is amazing to what level the MSM is ignoring the news in the Middle East right now,
They do what they are told they ignore alot of stuff and only tell you what they think you need to know
No, they do what's 'hot' and 'trending' - it's silly to have traders commenting on what's on Twitter. There are no real newspeople anymore, they just shovel the garbage that the public consumes - CNBC is becoming like TMZ, all fluff and no substance
Bloomberg TV is a bit better as they have some contrary opinions - that's what I suggest everyone does, read from both the left and right wing because the truth is always in the middle
btw: i agree, this whole Syria/Turkey situation could become really bad - not to mention once the elections end in Israel, the PM will then have the mandate to attack Iran - I suggest looking to oil and waiting for load up in Q1 next year
+1
Recent example of that...CBS evening news 2-3 nights ago with a feature on how the ambassador in Lybia was killed. All kinds of extraneous tidbits of info, just not the real kicker, that a government security evaluation of the compound a few months earlier denied the request for increased security measrues.... This kind of 'leave out the really importatn shit' or 'don't ask the right questions' happens alll the time.
Also they leave out the House cut spending for embassy security funding by $128 million in fiscal 2011 and $331 million in fiscal 2012.
http://www.motherjones.com/kevin-drum/2012/10/breaking-protecting-our-em...
Just another distraction from Benghazigate. The prez lied and people died.
The funny thing is that this data is bullish as most retail investors are wrong. Place this chart agains the S&P and you'll see the public sells near the lows and buys near the highs... which means that this money will eventually come back into the market
Unfortunately I've been waiting for a sell-off this fall, but this data means that higher prices are more likely... personally I think QE3 has been baked into the cake as all assets have gone up too fast like stocks, gold etc... but can't fight the trend if one is to stay liquid and profitable
US Retail Investors Throw Up On Bernanke's Invitation To Buy Stocks
US Retail Investors Throw Up On Bernanke.There, fixed
Assuming that Bernanke also has the ability, through his trading desk and tbtf bank partners to manipulate the indexes, one might assume this is a staged sell-off. When it's over, all the retail investors who jumped ship will clamor aboard for another upward ride. This has been going on for too long now not to be noticed.
So the sheeple are piling into bonds and cash, which are even larger bubbles.
Stupid motherfuckers.
Cash is good, electronic digits not so much as it means your money is still in the banking system.
Remember that old saying, a bunch (of cash) in the hand is worth 2 in the bank
take the market higher Bernanke, I have more stock to sell and convert to gold and silver
Looks like ZH chat is down...i miss it so......
<<<Retailer that left and received check today.
98% cash and 2% PM physical holder as of today. May slightly increase PM holdings.
It's the fiscal cliff stupid! Who wants to jump on a train that looks like it's heading towards a cliff? Bernanke has shot all ammo to get reappointed, now what?
FWIW: Could be people expecting the Capital Gains to rise next year when the Bush tax cuts expire and optioning to cash out before the increase.
Ding! Ding! Ding!
Winner!
And...they need it for mortgage, medical bills, gas, food.
Casino losing customers after spiking their drinks with ex-lax and charging 25% on $100 withdrawn from their ATM, but will increase to 40%50% soon.
Magnets under the roulette wheel, ugly card dealers with PhD's who skim chips, and the drinks are $5.99 each plus a mandatory 20% gratuity (servers are ugly too).
There are numerous pickpockets but they used to work at the casino so the security guards ignore them. Are Mom and Grandma safe in there? Hell no!
All you can eat buffet has a plate limit of 2 and you can only be seated for 20 minutes but it's all you can eat - hot dogs, macaroni and cheese, and stale marshmallows with decaf coffee (no sugar or cream).
Oh yeah, no smoking either.
"Customers" leaving.
Buy stocks? Why? So I can be beaten by those who who personally rigged the game?
You can't buy or short em, what else can you do.... Take your ball and go home, don't play their game.
Put the "Financial Proffessionals" out of Business, let them earn money the old fashion way.
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