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No Really, Who Is Buying?
One week ago, when showing a BofA chart demonstrating the record divergence between the S&P500 and US equity flows...
... and which BofA itself prefaced by saying "big decoupling in recent weeks between US equity flows and prices ...correction risks will grow in absence of fresh inflows in coming weeks" we asked: "who is buying?"
We bring this up because over the weekend we say a different manifestation of the same chart, this time from Deutsche Bank. This is what the German bank with the €50+ trillion in derivatives had to say:
There have been large inflows to bond funds and outflows from equity funds in the US, according to EPFR data. On a three-month basis, the flows are at or near extremes, a mirror image of those during taper tantrum. Over the long term, the flow differentials have correlated with equity risk premium. The recent heavy inflows to bond funds could be a result of changing perceptions of Fed hike timing. ECB QE has pushed investors into risk assets.
Except for stocks, of course, based on where the equity flows are not going. Because as the chart below shows, the cumulative three-month net flows into, or rather out of equities, is now the largest on record.
So, again, we ask: just who is "buying" stocks? Because the greatest rotation is here, and as far as non-central bank participants are involved, it is into bonds and out of stocks.
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central banks are buying, and the trillionaires who own them.
"central banks are printing, and the trillionaires who own them get first dibs on the free money"-- fixed it for you.
CTRL + P + Buy Futures.
Belgium
We're all Japan now. We just decided to support our equity markets at the get-go of the terminal debt spiral where it took Japan 25 years to wake up and do it.
Was the market even open today. Volume is hardly showing.
Picked up $250 worth of facebook today, sorry guys.
Picked up $5 worth of a CB radio today.
BREAKER BREAKER GUYS!
Picked up $250 worth of facebook today, sorry guys.
Are a couple of dollars really worth it to you?
FB profits truly are the proverbial "filthy lucre."
It...was...a....joke.
Keep that FB in mylar and it'll be fresh in 5 years...good eatin' that FB....not for much more though...
Uh, that be the FED software.
It's like all of the underlying movements in a market crash are happening, but there is no crash. Zombified.
Wile E. Coyote. DON'T LOOK DOWN!!
The FED has a black box with three buttons. Up, down and sideways.
http://www.silverdoctors.com/wp-content/uploads/2012/09/CTRL-p_0.png
Bond speculators calling the FED's bluff?
I am waiting for your Ministry of Truth to revise that downward blue line.
Shadow pools are buying.
Belguims are buying.
Wasn't the SNB buying? Foreign equities?
The Fed is buying via all it's liquidity help-lines.
C'mon man, everybody is buying....
C'mon....
https://youtu.be/gTot6Wcz3-g
If outflows are the worst since 2009 Id say that correlates to about 25,000 SPX by December
Numbers don't have to add up unless ur a mother fracker!
Silly U!
Mmm mmm just look at that potential kinesis!
Who's buying:
- Main street (that means you dumb fuck) USA through their 401ks and investment vehicles.
- In addition to the billions / trillions the white haired filthy cunt Yellen is counterfeiting. She is way overdo for a stroke. Remember, when this piece of snail shit croaks, party my pad, 3 day rager. Afterwards we are arranging a P&P party in honor of Yellen. We plan on going to her gravesite and pissing and pooping on it.
- Lastly, the hundreds of companies that once had pristine financials, doing buy backs based on debt.
Thats who's buying and will continue to buy
Please tell us how you really feel! Yours is top dog for nasty - but all too appropriate - champ regarding that soory piece of shit. I would love to see her high school graduation photo - want to bet on who was the least popular girl in the class?
I'll take that bet and counter with --she was the one with the knee pads and the perennial pearl necklace-- did build that stairway to heaven.
Like, you have to ask?
Where do they get their numbers? How do you have an "outflow" in equities without the market going down? How would you measure it? Or are they subtracting off known equity holdings by central banks, is that it?
But then the question answers itself, or maybe I was just slow figuring that out.
Except it really doesn't, because then there is no outflow, just accumulation by the banks, so was that your point? And if they are accumulating, is that a good sign or a bad sign? Would seem more bullish for equities, no?
.
Dave Kranzler: Retail Investors Are All In, Margin Debt At Record High; Stock Crash Next?
Full story: http://thenewsdoctors.com/?p=465168
If not, then I have no idea what they're waiting for.....perhaps the 'spectacular event' to provide cover?
Corporations are buying with borrowed money from the future while banks are selling to corporations knowing that in the future stocks will be down when corporations have to issue moar stocks which the banks will facilitate.
is that printed Treasury dollars or pretend FED dollars?
Nobody is buying and nobody is selling. All is owned
HFT computers are recyling same batch of stocks around the world from computer to computer, until central command gives the order not to
This has been going on since May 2013
That is quite a claim ekm1.
Links? Thanks in advance...
Can't wait to see your evidence because I like your hypothesis.
Follow Eric Hunsader of Nanex on twitter
Central Gangsters buying it all, even the corporate buybacks are Central Gangster backed with a wink that they'll be rescued....sure the Fed will own everything in the end that's what it's all about.
Markets are that proverbial Potemkin Village. Propped up by billions of fake cash.
Don't look at the economy behind the facades. The producers are barely surviving and will soon be starving.
The beast does neither care nor will it stop to pretend. There will be no life lines and there won't be any stimulus to the masses. The beast's propaganda will never allow you to fully realize the dismal state of the economy and you may think that the collapse is just happening in your head.
But your eyes are not deceiving you. You know what you know and you see what you see. It's all downhill from here until the beast is slain.
We're in for a very rough patch.
"The producers are barely surviving and will soon be starving." -- This is the real crux of the problem. Once the producers of essential goods and services shut down, bartertown is a go.
It's just JPM and GS trading inventories back and forth.
I have a thought..why doesnt some country just print trillions and buy up the whole world.....then they win....right...
Brilliant, and guarenteed to work by the way things are going.
the one has nothing to do with the other
there is no market, there is only old yeller
"THEY" ARE WATCHING YOU ZEROHEDGE. "THEY" ARE READING YOU. "THEY" - THE ONE THAT DOES THE BUYING - WILL BE UPSET BY THE SPOTLIGHT YOU SHINE! BE WARNED.
.....on behalf of "them".......
I AM BUYING
Me too, but only great dividend payers from the best companies ( see Investment Quality Trends ).
Would those great dividend payers happen to be great buy backers?
You don't need more buying than selling to move prices higher.
You need more bids than offers quoted to move prices higher.
yeah, because somehow TLT has now broken below the 200 day. somebody is selling bonds or painting the tape to make it seem that way.
must drive sheeple into stawcks!
That's the wrong question. Evidently, nobody is buying (hence outflow).