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Mission Accomplished: Retail Piles In To Stocks As Pros Pile Out
With year-end target after year-end target having been met and raised by the oh-so-ethical sell-side strategists and asset-gatherers, it appears the Fed's grand plan of dragging every bit of cash into the increasingly more risky equity markets is working. After a rally driven more by financial engineering that real sustainable growth, Bloomberg reports, individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over. As one senior equity manager warned, "if Wall Street, after poring over all known data, comes up with a target and we’re already there, and you still see individual investors buying and they’re typically the ones that are late to the party, it would seem there is limited upside," but that didn't stop about $100 billion being added to equity mutual funds and exchange-traded funds in the past year, 10 times more than the previous 12 months. We have found this cycle's greater fool and once again it is the retail investor.
Individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over. About $100 billion has been added to equity mutual funds and exchange-traded funds in the past year, 10 times more than the previous 12 months, according to data compiled by Bloomberg and the Investment Company Institute.
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While the strategists have a mixed record of being right, history shows the bull market has already lasted longer than average and individuals tend to pile in at the end of the rally.
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Professional investors, such as Nick Skiming of Ashburton Ltd., say that individuals investors are attracted to stocks after seeing others getting rich from a big rally, a time when equities are usually overpriced. The bursting of the technology bubble in March 2000 was marked by mutual funds absorbing a record $102 billion in the first quarter.
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“As institutional investors, we’re always concerned when the retail investor is actually arriving in the market,” Skiming, who helps manage $10 billion at Ashburton, said by telephone from Jersey, the Channel Islands. “The retail investor arrives when they can only see blue skies.”
But of course, there are plenty that need to earn their commish and will keep talking...
“This is a durable and sustainable bull market,” Laszlo Birinyi said in a July 9 phone interview from Westport, Connecticut. “It’s going to surprise us because I still don’t think we’ve got to a point where water is boiling yet.”
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“To the extent that investors start to put a lot of money into the market, it would certainly be late,” Todd said in a July 9 phone interview from Greenwood, South Carolina. “But to say that the end is going to happen in the next few months, I don’t agree with that.”
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It's never different this time... and as a gentle reminder, this story has been ongoing...
and professional specs remain short and are adding to shorts in Russell...
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... and as you mentioned in your previous article Gold takes a massive squeeze.
So that's Mission Accomplished 2.
Muppet massacre dead ahead.
Bring on the "widows and orphans".
Nothing says the end is near like sending in the bagholders.
I didn't know there was any retail investors left!!?? Must be the truly stupid!
ZH rinse and repeat, repeat, repeat - I'm beggining to think the algos are running ZH with their headline release. Geez, tell me something new. I'm quite sure I've read this headline at least 25 times in the last 6 months. Everybody knows these market moves are highly controlled. No one cares who is profiting from it. Everyone knows they are monkey hammering precious metals, to destroy momentum. TELL US SOMETHING WE DON'T KNOW!!!
it is different this time. at least for a while. maybe a long while.
Morale hazard. Begged thy neighbor. Welcome to American business. If the banks stay unlevered then maybe the system won't seize up when the retail I turbo charged crash occurs.
The fellas name is Skiming? C'mon, that's too good. I'd say ironic, but it doesn't quite qualify as irony. More like literal truth...
Is pronounced skimming, or scheeming?
That first chart only supports ZH's headlines. It IS confirmation. Look at the spike up in retail and down in institutional buys. That's recent and huge. Yes, the trend has been in place for awhile but occurring slowly.
So, in fact, ZH does tell us something we don't know.
“individuals tend to pile in at the end of the rally.” ???
Look at chart one again. Note the left Y axis. Retail net buys are a negative number. So retail is still net selling as they have been for the duration of the chart. They are not panic buying as a quick glance at the chart implies. Retail net selling is just less intensive than hedgies and institutions. Given only the data presented one could make the claim that retail selling is tapering because they have already sold most of their holdings. I am not saying that is the case although it applies to me.
So if retail, hedgies, and institutions are all selling the last few years who is buying? How is it that the market indexes are near all time highs with these three groups all net sellers. Either bogus data or CBs and corporate buybacks are providing some huge demand. Beware of ZH charts because they can mislead.
I didn't know there was any retail investors left!!?? Must be the truly stupid!
Egggggg - actly & I dont believe them
prove it that mom & pop are buying into this rigged setup to fall market
I think this is a lie to try to get mom & pop to buy
hopefully they have enough brains to say fuck this & wait for this house of cards to fall
My relatives all sold in the last year, but not entirely. No cash outs, just moved from high yield to supposedly"safe", conservative funds.
I keep telling them that's what granny did before gulf war one, then her "conservative" fund ended up being heavily invested in Iraqi fertilizer that got wiped out by smart bombs. Remember those wonderful shots of the bombs goin straight into the buildings? That was my grannies & your grannies life savings being taken down by wall street.
I can attest that a couple idiots in my family have gone from cash to stocks for all the worst reasons and with the encouragement of their Morgan Stanley "advisor".
stupid will be painfull
Welcome smiling bagholders! "Second door to the left, one cross each!"
Bagholders?
All I see are Central Bankers
"Crucifixion ?"
"No, freedom"
"Really?"
" no I'm only kidding you, it's crucifixion"
+ 1 for the life of Brian reference
How did we the sheeple get so Fucking dumb!
I will not feel bad for any sheep when reality crashes in!
It's called desperation in a gambling mentality society that's lost so many jobs.
Because Obama.
not just the prez (yes, he is a disaster - though just another puppet)
offshoring has been going on for a very long time
the destruction of the value of the dollar has been going on for even longer, making US industry & workers uncompetitive - cannot raise wages enough to counteract the loss of purchasing power. The real standard of living has declined for America for 4 decades.
The only way to turn it around, would be to end the current currency system which gives the so-called 'elites' their advantage & means to rob the populace.
Link to 5 part "Hidden Secrets of Money" videos. This guy explains the current rip-off system in a clear manner, better than just about anyone else out there. (Yes, you may already know this stuff - but how about your mother or your brother-in-law ?) :
http://hiddensecretsofmoney.com/?utm_source=GoldSilver&utm_medium=click&...
The offshoring is certainly not new but this 'proressive" regime is over the top with hostility to wealth creation and free markets (as in small fries trying to start up businesses). Just a nauseating combination of communists and crony capitalists all working together for the good of centralized power.
You'd think they'd get bored with the game of 'taking candy from babies'
Not until the last juicy piece of candy is wrested from the pink little knuckles of the last shrieking baby.
I just...I mean...Who the fuck is buying this market? Even if you didn't read blogs like this, the writing is all over the wall that this thing has a blind date with an iceberg coming up.
Could be partially made up of international retail clients, as in Chinese. They're buying all the housing too. It's certainly not like 2000 when people actually had jobs and discretionary income that could be funneled into buying all that tech bullshit. Much more of the population is tapped out, maxxed out and trying to deal with the ravages of inflation (since they still count energy, food and rent as part of "their" index). The inflows have to be coming from new retail sources.
I can only imagine how hard it must be for you (the ZH'er with the most repulsive avatar) to day after day, week after week, month after month and year after year come here and bang your head to pulp saying the same thing, day aftter day and so on.......
Sadly, you're right and so was Liesman when he telling Santelli today "nothing you've said (Rick) has been right.... nothing you have said has been right... nothing you have said has been right".
This is the 1% unmasked. We seldom hear those at the top come out and blatenly say "we fucked you the masses". You've all been taken. I suppose they have it right... until they don't.
WHEN dammit, WHEN?
How on Earth can this madness continue???
The 'madness' is precisely what keeps it going!
Always the when.
Rates and stocks tied at the hip. Odds rates go higher? Zero. Odds stocks go down? Also zero.
I was recently talking to my 65 yr old mother and 70 yr old aunt about their retirement money. They are both fully invested in the "market" with the help of their financial advisors.
I asked, "what happens when the "market" goes down 50% like it did a few years ago"? They both responded simultaneously "it will just go right back up again"
I heard one 'financial advisor' say there would be signals way before the stock market begins to head back down again, so there would be plenty of time to get out before then.
I asked him "Ever heard of Black Monday ?" (stock market dropped over 22% in one day in 1987)
Response from him: uncomfortable silence before walking away
I have come to believe that is exactly the strategy the muppets are using.
No one is fooled by the Gubmint feel-good shite numbers.
Where they are all fooled is that they think they can jump off the crazy train when they see the end is coming or wait for a "dip/pullback" to go back up.
And when it does collapse 50% then you need to shoot their "Financial Advisor" as he is stealing from your family and, ultimately, your inheritance.
In that way you can make certain that their "Financial Advisor" will not be around to victimize anyone else with Fraudulent schemes.
Bring out the guillotines...
Guillotines are risky. Can you trust those who are doing the beheading to not come after you? Cf: Jacobins, Bolsheviks. Chaos favors no one. I'm more into opting out. Being selective with whom I associate with..And if that entails foregoing certain comforts, so be it. At least I'll be starving the beast.
I'm more into opting out. Being selective with whom I associate with..And if that entails foregoing certain comforts, so be it. At least I'll be starving the beast.
I agree with this quoted statement wholeheartedly.
So what do you do about the malevolent whom are victimizing your family members? Nothing? Allow it to continue?
Far be that.
I just sharpen my steel blade and wait.
Chance always favors the prepared, fuck the idiots, bring out the guillotines. The "smart and savvy" will be just fine.
Real answer: mom and auntie sell everything in a panic to the "smart money" investors.
LOL
Next time those two are over, have on hand a stack of dog and cat food coupons for them. Hand them out and tell them they may as well get a jump on.
A few meatloaf recipes, where you replace the meat with dog food, and the ketchup with wood pulp would be an awesome touch.
Then you show them this:
http://www.sec.gov/litigation/litreleases/lr18386.htm
This piece of shit pilfered over 300k from my grandmother, mother, and aunt
Mom and pop investors are cashing out their 1% CDs for a better return in the stock market.
Thats been the FED plan since 2009. Everyone in the stock market boat.. IT WILL NEVER SINK !!
"Thats been the FED plan since 2009. Everyone in the stock market boat.. IT WILL NEVER SINK !!"
It will just CYNK.
Yay for the gold monkey hammer!! Keep it up, you financial wizards. The lower the better!!
Much love (but not for you),
Sir Stackalot
Bernanke for President of COMEX?
If institutions are out, nobody left to sell, so only thing that can crash the market is HFT and Dark Pools. Managed, dumb money and retail ain't going to sell until the tulip bulbs are worth $50,000 again.
Pile on!
Commence the Muppet fucking!
and...it's gone.
Given institutional 401(k) fund mgrs have investment policies that preclude large cash posn's, the party usually doesn't end just as retail enters, but a little later, after their new ammo is fully deployed. Just how much longer is the interesting question . . .
It's part of the problem. People are pretty dumb, the majority of the times they just want to have a bit of security towards an uncertain future. So they go to the bank. The nice man/woman at the bank tells them the age old string of bullshit.
"Yes the markets are very volatile right now, so we recommend one of our nice, 'safe' mutual funds." says the person at the bank being equally as dumb as the client that gives them the money.
Both the person going to the bank and working for the bank suffer from a delusion in that instance, it's called Cognitive Dissonance. Not to be confused with the awesome writer here on ZH.
The lie they convince themselves of while reading through the glossy 5 colour printed marketing material for vapour financial products is there is a separation of problems between the market where all the money is churning and the mutual fund.
The reality is the mutual fund is just as much at risk as anything in the market, possibly worse because of how that business is done (Sell in may, Come back October, like when is there a season of mutual funds like raking leaves...so stupid.). This is further compounded with the problem that the underlying currency isn't worth a box of kleenex.
Just ask all those Billionaires in Zimbabwe how they spend their day's lounging around the pool and living large. The country is obviously in great shape. Zimbabweans are so rich they don't even ask for change back when handing out a "B-note". Last time I looked I think that would have been an egg, a stick of gum, possibly a candy wrapper depending on the day.
To answer your last question, that's where it goes. Right in the shitter. So asking the question 'when' doesn't matter, it simply will eventually. Or pardon...has already in spots of the globe and like a virus it'll just keep self propagating whacking one country after another until they are all back water shit holes.
In the meanwhile, grab a deck chair, coffee's on, beer in the fridge and we can all watch it burn down without breaking a sweat while it does.
Well what can I write? I do not believe that the Bank Money Managers are deluded. I believe that they are willfully ignorant. I believe that their bosses are outright malevolent. They intend to beggar thy neighbor and take the entire system down when the muppets enter. It is the same "Pump and Dump" pyramid scheme that has been repeated for the last two centuries.
Willingly ignorant participants in this game are complicit. The fraud needs to stop if there is any hope, whatsoever, of rebuilding upon that solid foundation of confidence to which you alluded in a recent post.
And yet the game continues and stifles any progress. I am bored of just sitting back and watching the needless suffering inflicted upon the ignorant by the malevolent. I am incited to act against them.
Sitting here and writing the requiem of a Dying Nation is really not all that affective. There must be something that we can do about this.
Give it to God? God helps those whom help themselves. Faith without works is dead.
So what do you do? (I am clueless as the only thoughts which I ruminate upon are destructive concerning this.) What are the constructive activities to undertake?
Educating the ignorant does not seem to work as they continue to be hypnotized by their damned TeeVee Sets.
What do you do? Destroy the malevolent? That only serves to bring about destruction and suffering.
Take care of yourself? I have been doing that. For what? So that I can be of service to others when they do not want the services in the first place because they do not want to think about what I have to say?
I am at a loss.
Tall Tom, I always like your comments, prolly b/c they express a lot of how I feel. That said, I reached a point where I got so angry on behalf of my friends/family that I was basically wanting someone... if not them, then SOMEONE... to kill the vipers who were poisoning them, bring out the guillotines, so on. Wanting violence on behalf of my loved ones who were so stupid that only violence could 'save' them.
A lot of that anger passed when I realised that just as people are responsible for their own evil, so they are also responsible for their own ignorance or stupidity. It may not be anyone's 'fault' if they are not inclined to understand money, or any other survival skill, but that's what we have families/communities for. My family/community doesn't listen (just a few), and I've warned them, so for any disaster after that my job is now accepting that I have already done what little I can. I've saved a little extra for my parents, but they're the only ones I can even help and even that is limited. I cannot save any of them no matter how much I might care or how good people they might be. At some point I have had to accept that like evil, persistent stupidity is a fatal condition and I just cannot shield even loved ones from the consequences of their adult choices.
FWIW, it isn't anyone's job here to 'educate the ignorant' as you say. Our job is to educate the people who want it, value it, will use it. Not saying quit caring about those who persistently choose stupidity. It's just that, at some point, that choice does become conscious. There I am learning to detach my emotions, leave the evil to their chosen fate of the guillotine, leave the stupid to their chosen fate of starvation. I can reserve my anger only for those who directly threaten me & mine. I have stopped worrying about (not stopped caring about) the fate of the several family & friends who are deliberately choosing starvation. Like the evil people, there is no help for them either. The only ones who can educate them at this point are themselves, not me.
I no longer wait for violence. I am learning to allow people who I cannot save, to die in their stupidity. It is difficult but I think (I hope) this is good and worthwhile. Instead I am trying to focus my help directly, and nearly exclusively, only to like-minded people who may even be strangers at first. Finding such people is a bit of a full-time job.
Sharing that FWIW as I like your comments. If it don't pertain at all to you I'll save it up and tell it to the priest.
Thanks for your thoughtful post. Yes it is pertenent.
It is really tragic that the people will die in stupidity as this may be able to be prevented. Maybe not.
I am still seeking a solution when I know better.,.that there is none. That is my stupidity, I guess.
@Renfield - excellent comments, thank you for them.
I've reached the point where I don't push trying to 'educate' most other people. I (finally) saw that with many people it wasn't a matter of lacking information or understanding that is the problem. - - - Many purposely refuse to look at these matters or understand them. This is a choice they make in order to prevent themselves from feeling 'uncomfortable'.
I do continue to put this information in front of family and very close friends. I've ratcheted down my intensity, but I haven't given up on these people. The reason for this is partially selfish. I want more allies who won't fall for the propaganda. I don't want to have to provide for them or turn them away, when this all comes down. These efforts have started to bear fruit, as some of these family members & friends are seeing the crazy things going on in the world and recognizing how this ties into what I've been talking about for years. A few, (not many), of them finally 'get it'.
If they aren't dumb as a bag of hammers, then it would mean they are in big trouble. See if they are stupid, there's a rationale to the fucked up mess that all of this is. If they are clever, then they haven't got a leg to stand on in their defense.
The headline of this article is a huge red flag that the markets are going to crash soon. When "retail" investors (AKA suckers) pile into a market that is overvalued and peaking (see the Dot.Com crash for an example) TPTB tend to pull the plug - sooner rather than later . . . . .
It depends when the governments liabilites absolutely must be funded. Looks to me like they have until at least november...
At some point however, the liabilities must be dealt with, that's when they shear the sheep.
It's an election year so they have to make it fly until the elections.
What I find interesting is that according to this "data" mom and pop were leaving the market ahead of the last crash. So what's that say?
What that says, is that at the margin, Mom & Pop started leaving the market right before the crash. Just what you'd expect. When everybody is in the pool, the only thing that can happen next is the pool will start to lose people. You can't get a crash until that happens. Note that while a few small investors will have gotten out, the vast majority will be in as the crash happens.
"It's an election year so they have to make it fly until the elections."
Not really. They substitute one set of whores for the other set of whores. That's the whole point of the 'left' vs 'right' , D vs R game. Its the reason why policies don't change much no matter which whores are in office.
What really gets them concerned is a citizenry that refuses to vote in federal elections because they see them for the frauds & circuses that they are.
When the statement "If you don't vote, you can't change things" gets uproarious laughter from most Americans . . . then they'll be concerned. We're far from that level of enlightenment at this point in time.
Correct, replacing one corporate spokes person with another accomplishes nothing.
Politicians should have to wear jumpsuits like the NASCAR drivers. At least then we would know who they really speak for.
Yellen and her ilk are Keynesians.
They will do nothing that reflects badly on Obama, regardless of the bubble they are creating.
If they have decided to "manufacture a pullback" as one article recently suggested, then they will do it after the 2014 election at all costs.
Yellen and her ilk are Keynesians.
They will do nothing that reflects badly on Obama, regardless of the bubble they are creating.
If they have decided to "manufacture a pullback" as one article recently suggested, then they will do it after the 2014 election at all costs.
Bernanke and his ilk are Keynesians.
They will do nothing that reflects badly on Bush, regardless of the bubble they are creating.
If they have decided to "manufacture a pullback" as one article recently suggested, then they will do it after the 2008 election at all costs.
Left...Left...Left, Right, Left.
Left...Left...Left, Right, Left.
Left...Left...Left, Right, Left.
Yeah. Keep marching to that to your destruction.
You can lose the Left/Right Paradigm as the Financial Elite use it to keep your face under their boot, drowning you in a sea of mud...that is as that there are other alternatives.
You just do not get it.
It's an election year so they have to make it fly until the elections.
That did not work out so well in 2008. That was an election year too.
yes, it's always different this time
Ok.. So we're going to believe BofAML research despite their horrid track record everywhere else? Oh, right, and the Bloomberg / ICI data.. A 12 mth number that ticks higher... from record low participation! Sorry, market runs don't end with "the sky is falling".... They end with "I'm gonna get so rich I'll never have to work again!"
Nice shirt "mom and pop"...
It's been the plan since the 2009 lows. I was always told you have to get the retail investor to buy in and bag hold. Nice transfer of wealth on the horizon again.
Before the last mega-bubble popped (2007-2008 real estate) I confess to actually having the thought "Damned! Maybe I should at least look into this sector. People I know seem to be making a killing, while I've been warning about a crash for several years and have had my ass kicked." (Various metrics including ROI for rentals didn't justify prices, only more future price rises would have done so.) Thankfully, it never got beyond the random thoughts of regret, so I didn't get taken to the cleaners when it did crash.
I have had such thoughts regarding my long PM bets, though. Perhaps others have had those same thoughts. So maybe we're getting closer to a PM and stock market change. Who knows.
Same feeling 1999, 2000 and 2006, 2007. Capitulated in 1999, refuse to be burned again.
"if you like your money, I can keep your money"... no....wait. Let's try that again.
Hear my song. People won't you listen now? Sing along.
You don't know what you're missing now...
[/The Song Remains the Same]
about $100 billion being added to equity mutual funds and exchange-traded funds in the past year, 10 times more than the previous 12 months.
i thought that vol is down
I told my broker I trade crypto currencies because I need a market that goes up and down to make money and not one that simply goes up all the time.
I told MY broker gimmie a C on Old Swayback to show in the third.
Can the Zerohedge writer explain the following:
- What makes that bloomberg article accurate, seeing that Bloomberg was engaged in propaganda as far as Germany agreeing to not have its gold?
- How could $100 billion make any dent at all into stocks when central banks have been buying them in trillions?
Bottom line: This article is nonsense. Retail bankrupted in 2008 and never came back because retail is retiring 11 thousand boomers per day.
Answer is simple: Central banks are buying.
This is what I suspect as well. Central banks already own the sovereign debt "markets", now they will own the equity "markets". One reason why you are seeing private equity guys getting nervous.
The bottom line is simple. Printing money out of thin air and handing it out to a select few is simply not a good foundation for a sound monetary system.
FYI- Happy Bastille Day!!!
Get long guillotine manufacturers, beat the rush...
There is only one kind of muppet left:
Millionaires and billionaires eliminating other millionaires and billionaires.
Exactly...+100
Retail trading has never been slower at many firms and central banks have much more on the line than retail in this one way non-trade-able market.
ekm1 you are right on. The article is nonsense. Just look at volumes. Volumes are 1/3 of what they were in 2007. The retailer has not even begun to get sucked in yet. Pension plans also have no place to run but to equities. Folks, we ain't seen nuttin' yet.
If ever there was a clear "Get the Fuck Out of Dodge" sign, this is it.
Cash on the sidelines
"Cash on the sidelines"
and PMs are real cash
Ok so everything is fixed? Must have dozed off for 40 minutes.
Russell 2000 (RUT) is not looking good.
RUT roh !!!
yea, its only up three quarters of a percent right now; I think its crashing...
It was moving down (quickly) since opened higher...then recovered back.
But then again, it is "now" back down again.
Russell may be the first to be taken out, watch.
Any way hopium worx.
I just want to note on a far more serious issue, that Kristen Stewart HAS NO FUCKIN' TITS!!!!! Goddamnit, she's got Not Tits!!!! Why do you permit this false advertising, mightily contributing to the slide of Western Civilization into the abyss???
I agree. Plus, she looks like she has halatosis.
Now let's talk about Selena Gomez. That little taco is ALL fucked up, hanging with Justa Beaver.
DogFart Network material, Gomez is in line with saucy sluts like Vanessa Hudgens - Hollywhack sluts that need a good dicking...because they aren't getting dicked enough....
That all said....don't even get me started on that whore Julia Roberts........
That aint much retail of u.s. origin, i guarantee that. Rich chinese and everywhere else
...or govts (US and other).
and you would be surprised how many rich Mexicans there are. there is a ongoing scandal in SD, where a multimillionaire from Mexico tried to influence the city elections, in order to acquire and develop some prime oceanfront property. i suppose that once you invest across the border, as a retail investor, the money can be opened in a goldman account lets say, and then goldman contributes to the political campaign. who is checking to see if that money was really goldmans, or one of their clients, and if it breaks campaign election campaign law?
It's just ZH fans BTFATH!
You mean to tell me that retail investors are buying the most heavily shorted stocks in the market as well? You mean to tell me retail is the one buying the Russell 2000 index? I'm calling total bs on this one. Central banks are moving this market and no one else matters.
This is fucking fantastic.
I don't look at the plain vanilla numbers, I like to look at standard deviations, differentials on the slopes and the integrals emanating from the shape of the ever expanding bubbles.
And this is fantastic,, You can smell the chaos theory girding itself and you can almost taste the fractal theories of cumulative random micro changes to the system ready to explode in a new direction, the staggering weight of the burden of reversed entropy.
If the sky could change color and the grass and trees could change their hues according to the fuck wits shenanigans in the Market, we would all be cowering under a lurid purple sky with bright pink grass bursting from the ground.
We are truly in la la land
And the Skittle Shitting Unicorns are there to feed the hungry masses also. With ponies...and Rainbows...and Candy everywhere.
You forgot that part.
Every single Boundary Condition has been blown out. We are truly in uncharted territory as the Differential Math Equations have no solutions.
I am amzed that it has lasted this long.
Candy is there? Damn, I forgot my $1's...
Maybe this is going to be the run up week before LaGarde's 7/20 event.
Maybe?
Holiday.
It is just a Banking Holiday
They will erode your deposits away.
On this Banking Holiday.
Where does Zerohedge get this shit? I've been reading this crap for a year now and this bullshit never comes to fruition.
It has on different topics and on different occasions.
For this occassion...Until it does come to fruition.
That's because it's different this time.
/sarc
The stock, bond, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets continue to rise till all short positions in the market are covered and the majority of traders move to the long side. Once this is done the market falls till all long positions are closed and short positions undertaken. Then rinse and repeat. The price mechanism has little to do with the actual demand, supply, fundamentals or state of the economy.
www.marketoracle.co.uk/Article40231.html
ak
I'm not so sure...I think this time the Fed must go full retard...they'd like to be able to have a brief mild recession ....but since we are already in the 6th year of a depression....I'm betting this is the final blow off top. DOW 1 trillion? (or maybe that will just be the size of the smallest currency unit.)
Mere gambling dens? Dammit we need HOPIUM DENS! More HOPIUM!
there's one born every minute.
accounting for re-hypothecation, that's probably more like every second.
We must have moar greater fools.
Even better! A sucker is born every hypothosecond!
So the fan is running.......... and I'm still waiting on the sh*t delivery.......... that never comes.
Venezuela hell...Zimbabwe!!!
Some of these retail latecomers are followers of Martin Armstrong who bets that the U.S. Stock Market will continue to rise off the woes of the EU and currency concerns. We are the least dirty dog. That is the line of thought.
Given all of the Black Swans swirling above ready to land, it seems like very risky business to me, especially at these levels with the economy stalled or actually declining.
Look carefully at the symbolic shape of the green line of the chart representing the retail investor. Then, picture that same investor bending over and grabbing his/her ankles. Need I say more?
"Mission Accomplished: Retail Piles In To Stocks As Pros Pile Out"
Apocalypse arriving soon. Who's to blame??
Mishun O-komplished?
Whiting Petroleum doesn't strike me as "retail"...but the just paid top dollar for Kodiak plus the assumption of two billion in debt.
Those "retail investors" just cleared a fortune and more than likely they'll just pore that cabbage right back into the energy patch...in particular calling the thousands of wells being flared to start generating immediate cash flows.
Could get a double dip on the Russell which has got hammered this year. After watching that Canadian dollar get annihilated though it's hard not to be long "enterprising."
Isn't there enough printed money for everyone?
I sure hope this is wrong. I would THINK the Mom and Pop investors would have learned the lesson by now.
So, maybe it IS wrong, and the 'retail investor' ISN'T piling into this market. With the ways the stats are skewed these days, who knows what to believe anymore?
I sure know I haven't 'piled back in'...I've had ZERO desire to do so, even as this market climbed...it just had such a stench of "fraud" about it, you know?
If it IS true though, then God help the poor bastards, because they WILL be taken down again. And those who think the Fed will come to the rescue would do well to ask themselves HOW. What could the Fed possibly do at this point, with near-zero interest rates and a very tired QE program that the Fed is trying to stop?
No...next time it goes down, it's gonna STAY down a lot longer than those folks think.
Its the 401k's. Shock them in a market drop one more time, then offer "Gov't" security for retirement, so never to lose like that again... the gov't plan already exists.
But by that chart it shows institutions have been unloading since 2008. Sort of like how ZH has been crying that the market is going to tank since 2008.....
Now that AMMO is back on the shelves of Wal-Mart I'm going to advise stacking boxes of ammo. Out of the Market and into ammoif you got 550 round cartons of 22LR for $15 in 2008 you would have a $60 asset 400% roi over 6 years isn't bad.
I saw this and know its the Koch brothers financed but its still hilarious http://thekronies.com/ and this was great too http://www.youtube.com/watch?v=b6ttmDlOuqY