In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge
As if we needed another confirmation that the sad joke of a market has now succeeded in driving virtually everyone out courtesy of precisely the kind of bullshit we saw in the last 30 minutes of trading today, here comes ICI with the latest weekly fund flow data. It will not surprise anyone that in the week in which the S&P rose by a whopping 8 points on absolutely nothing but more lies, rumors and innuendo, US retail investors pulled a whopping $6.7 billion from domestic equity funds: the most since the week after US downgrade when a near record $23 billion was withdrawn. Only unlike then when the market bombed, this time it simply kept rising, and rising, and rising. In other words, every ES point higher serves no other purpose than to provide an even more attractive point for the bulk of that now extinct class known as investors to call it a day, and pull their cash out of this unprecedented shitshow that central planning has converted the market into. And for those keeping score, a total of $123 billion has now been pulled from stocks in 2011, well over the $98 billion withdrawn in 2010.
There's nobody left: just the occasional robot.
SkyNet has won.
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Know when to walk away, know when to run...
You know the shit is going to hit the fan when the world is waiting on the agreement of a group of socialist, fascist, Keynesian, retards.
Learn how to hunt fools.
http://www.youtube.com/watch?v=VtiBdBc2uMU
The President's Working Group must own half of the equitie market.
Damn, being short in this market feels like I just walked through an automatic car wash.
Long straddle and play the volatility from both sides
trade a strip straddle if you,re bearish
buy 1 ATM june 12 call option and at the same time
buy 2 ATM june 12 put option
... and trade a smaller ratio of short options against them to protect against time decay.
You need to stick that hog a little lower "hunter".
You lunged him to death.
Shitshow. Lol
When everyone is in money markets, that's when the real shitshow starts because money markets are gonna blow up first.
And that is when the sheep will wake up and become "freedom fighters". Real pitch forks, chaos and such.
Yep.
Why does your video show people who have no idea what to do with the hog once they catch one?
In hindsight, I think it was used as an instance in which people need to learn how to hunt. Not as an example of his hunting prowess.
Bank run is ON!
if 95% of retail investors are wrong, this means markets are going higher purely from a contrarian perspective
Retail investor can't afford to lose any mo fiat.
Core Logic is out with the state-by-state housing value change for the past 12 months, chart via Dr.Bubble . OUCH !
http://www.doctorhousingbubble.com/wp-content/uploads/2011/12/home-prices-us-map.jpg
So is this not totally bullish? It seems to make it much easier to manipulate it up if there is nobody left.
HeHe, shitshow.
I have done my part, told my folks to dump half of their mutual fund holdings....and to dump the other half if Santa and his 'green' nosed reindeers show up this xmas.
I do my part too by visiting the fine momos on CNBC chat and reminding them that even the 2 watt bulbs in mutual funds are brighter than they are and got the hell out.
Going long on the Bank of Sealy.
how does the market melt up if everone is withdrawing? Who is buying?
David Corzine got some GS $$$$$$.
401(k)s and they won't know until after the New Year where a unceremonious dump will follow.
I am SO glad I didn't sign up for my employer's plan (cheap fuckers dont match anyways; however, I had to OPT OUT of it - what a racket).
The guys who are pulling their cash out have the smart people working for them.
I did, and after I figured out the racket, I stopped contributing, did the max loans (50%) twice, buying PMs.
Fuck 'em.
We got out of ours.
The Board met and made new policity effective immediately on 401k. ANy employee holding 5K or less can cash out immediately while any others above 5K is converted into a Annuity payable at 62.
One annuity was good. But have thought about using Wentworth or some other service to pry the money loose lump sum and screw the remaining 5 years of payouts...
I hear you but you have to worry about the ability of the insurance company to pay out the annuity at age 62. Really worry. An annuity is an unsecured promise to pay (albeit "regulated"), not unlike a credit default swap with no collateral.
Great explanation. One problem is that the "regulated" part is on shaky ground too. Just search PBGC and pension short falls. Just because they send you a quarterly statement, doesn't mean the money is there.
That annuity trick is not legal. Fight back. They have fiduciary responsibilities to provide multiple options(see ERISA). It's just a way to kick the can down the road and avoid a 401k "bank run". No different than insurance companies selling hurricane insurance before a storm and then declaring bankruptcy after the event.
These scumbags treat people's pensions as their own money(ie MF Global). It has to stop.
How is that legal? They force anyone with over $5,000 to go into an annuity? If it is Fixed they force you to get the terrible interest rates that are around thanks to ZIRP. If it is Variable, I'm sure the manager forces you into the stock market bubble.
Algos, Robots, SkyNet.
And yes, I had a nice short position on that got reamed.
DavidC
"how does the market melt up if everone is withdrawing? Who is buying?"
That's why it melts up. very low volume. if everyone pulled out and there were only two traders left they could decide manipulate the market and transact the spx at 1600 if they wanted to for a whopping 27% gain
Bizarro World, where the marginal buyer/seller not only represents the market, it IS the market.
Light volume ramp. Takes less cash. And check margin debt, quite high given where the markets at. In other words hedge funds in and cash equity holders out. If your long be very careful here. Markets walking on air. We could move higher into yearend but I'd be concerned the bids fall away sooner.
the smaller the market the easier it becomes to manipulate higher or for that matter lower. The big problem which the fool Bernanke fails to recognize is that the fewer market participants the smaller the wealth effect for the people he claims to care for. Bernanke is a failure and no one can defend his policy.
If he really wanted to re-inflate the ponzi - he should have came out of the closet and told everyone 'the ramp' is on, buy stocks, even if you can't afford food or gas, because stocks are going up. We'll all have skin in the game. Make it illegal to NOT be in the market - the children will buy equities of those retiring and their children will buy stocks to pay for their parents retirement and.... on ... and on........
That would work, right!!?
Does nobody see this is all intentioal? collapsing currencies all over the world and now the US has been put in the position to print and print and print to ultimately collapse the dollar. This has been an effort to get rid of the dollar as the worlds reserve currency as stated by china, russia, opec. the fiat system was put in an awkward postion to have DC to save their banker and wallstreet buddies even though by printing only to lose our freedom and sovereignty through a eventual world currency / planned economy. Lehman was allowed to fall because of the importance in the global markets via their commercial and money market accounts. when that froze up and no one had anywhere to run, they ran to printing money. George Soros sums it up best in his Open Society where he seeks no borders or nations or cities or towns. You may dismiss him but all you have to do is read his books and his theory of reflexivity and falability. No Joke
Well that's putting the cart before the egg.
Soros does nothing to benefit anyone but himself.
Ghost in the Machine. Not kidding.
Aurora Ex Machina.
I did tell ya all...
Whatsamatta? Too good to use y'all? ;-)
I prefer youse. As in, "All youse guys know I tolja ta buy PMs, and now youse guys ain't gotta pot ta piss in or a window to trow it out...."
Sheeples are paying down debt, not "fleeing" the market!!! Only the ones with investable assets and little to no debt will stay inn! IMHO!
Was it not because of the MF Global event? I would forget about the 8% and keep my cash.
I know a lot of people who are dumping their horseshit funds but instead are buying individual dividend paying blue chips etc. I don't know if/how that is accounted for here.
I'm sure Mary Schapiro of the SEC is right on this...just as soon as she finishes her three year long meetings with Wall Street criminal banking syndicate giants like J. Dimon...about what SEC rules Mary should just forget about.
What an absolute disgrace. By contrast, dumb ass Bob Pisani summed it all up with, "Well, it [IMF rumor] may have been denied, but it moved the markets." This is the state of "journalism" at the BlowHorn [CNBC].
OCCUPY CNBC!
Occupy the SEC
Occupy the FED
Occupy the MSM
Occupy Goldman
Occupy the "Tribe"
SEC = Shred Evidence Completely
Save Every Corporation
Sheep Excrement Commission
The Golden JackAss Jim Willie even says your money isn't safe in your TD Ameritrade accounts. Crazy times we live in. I'll be sitting this one out for awhile.
With what has happened at MFG, it's obvious that nothing is safe anywhere (other than in hand), as even the facade cannot be maintained any longer. I was just over at Jim Sinclair's Mineset, where he posted another article about getting your stock certificates, rather than let them live digitally in the system.
So, it isn't even limited to just money, but even speculative money substitutes.
Worse yet, was another article by Greg Hunter discussing MF Global impacting farmers who suddenly have no money to access in order to buy seeds for next spring. Instead of relying on their own capital, they may be forced to borrow if there is no resolution soon (which, of course, we know isn't coming).
So, lets recap, Corzine takes down MFG, MFG takes down the commodity futures market, which takes out the farmers, which takes out the food supply.
TADA!
worse yet tomorrow we get to see the congrssional show on Corzine and isn't it funny how Blogo gets 14 yrs. I'm betting Corzine doesn't see 14 days.
...unless he goes on a cruise, and spends two weeks on the beach.
The Golden Jackass ROCKS!
Where have all the bagholders gone?
Long time passing.
Where have all the bagholders gone?
Long time ago.
Goldman's picked them, every one.
When will they ever learn?
When will they ever learn?
Burn baby burn!
better safe than homeless
So are we still sure that all that FED money is sitting in treasuries??? no it is in the ES Minii, SPY, IWM and QQQ. This is going to end badly.
Yup, markets are nothing more than a game of Monopoly now.
Who cares that the world economy is collapsing around our heads? I've got three hotels on boardwalk!
Perfect! Now the insiders and algos and do some real gambling.
This may be on topic again:
http://madscienceunlimited.com/fiction/theexchange.html
It's all good fun until someone wakes the firebird and brings a taste of Hell to Wall Street.
what do you people expect to do with all of those worthless dollars when the dollar no longer exists? what happens to the companies that lose equity and go out of business cause they have no money that is worth a damn. so much history to say this doen't work and yet we are continuing this path to destruction. dollars in bonds and any other financial intrument will be worthless. So why do you continue to trade in a dying dollar. got gold or silver or guns????? Oh ya and lots of TP cause lots of people are going to shit themselves when this all goes down.
This isn't good, how does Robotrader do?
I am waiting for Tyler to tear Jamie Fuckface Dimon a new one after his "Stop Bashing the Rich " rant today! http://www.cnbc.com/id/45586932
Dimon is clueless. He will get his.
I think everyone is sick of this.
Agreed. I much prefer a real market to a rigged casino.
Sounds like massive amounts of dry powder available. Somehow that must be bearish.
Well, if you trade every day and close out all of your positions every day, I guess they can say that there is a lot of cash on the sidelines but that does not mean your cash was not in the market for the day.
I prefeer to do this if at all possible. That way they cannot count me as a long or as a short. You cannot be counted as a Short that could cause a short squeeze if you clear out every day. Same with long positions where they want to shake you out.
The money you make during the day is yours and not in the Market for manipulation thru Gap up or Gap down opens. Or an upgrade or downgrade. You are positioned to trade any way you want.
I think everyone is sick of this.
Bring on the financial transaction tax and put the HFT computers out of work for good.
Is anyone concerned that the long run net effect of this is for the Fed and their TBTF financial partners to essentially own and control an increasing amount of the productive capacity of the USA by being the last shareholders standing?..Bought with recently printed fiat? Isn't this a road to fascism?
What happened to the idea of an "ownership society", where a majority had a stake in the economic performance of companies, and would therefore be motivated to vote to enhance the climate for business and growth?
Has anyone done a study of the performance of companies with diverse and active investor shareholders vs. companies that are largely owned by a smaller number of relatively disinterested institutional asset managers?
that's their plan. "deflation" will continue until most people have thrown in the towel - and the banks have been able to foreclose of most of the small businesses, houses, family farms, state parks, etc. etc. Once Gov-Co has a lock on all sectors of the economy, they'll turn the inflation machine back on and resurrect the economy - owning all the productive assets and having no competitors. to a central planner, that is perfectly logical
As well as profitable.
It's the Pwnership Society now. I have the memo. I will forward it.
SkyNet becomes self aware on December 23, 2011.........Just in time to make out with robo trader underneath the debttoe *cough ..ahem...mistletoe...
Okay - I'll bite, why is December 23rd important?
still holding my DOG shorts. not doing very well, down over 6 percent......
Got to liquidate what's left of the savings in order to buy junk shit from China for Christmas in order to feel better...
Ho, ho, ho!!!
$123 Billion pulled out? Big deal! This is the era of TRILLIONS!! $123 Billion isn't even chump change these days. Nothing to see here. Move along.
Stock Mutual Fund Cash Levels Drop To New All Time Record Low
Tyler - Is that still as of 8/11 or is it/there an update to end Nov 11?
This chart seems to indicate Fund Managers are more bullish now than the last 25 years, as they are 96.5% invested with only 3.5% cash on hand.
I thought about making the same comment, but I just couldn't get my toungue that firmly in cheek.
Same. They are chasing the year end goal of meeting or beating the market and the performance of their peers, and have no choice but to go all in, and hold their breath, figuring the worst that happens is that the market dives (in which case their peers are also hammered) The engineered rise of the equities market in the past 2 weeks has them in a real bind - think about it. They are behind and now have to catch up, ergo Santa Claus rally. But it's all air. Europe looms, but if there is a crisis and the ECB relents (both events seem probable) and prints the hell out of the Euro, look out for that rally. The bankers will have won another round, with fat bonuses and cohibas for all, and everything - including the politicians and regulators - firmly under control, and the concepts of justice and rule of law relegated further to the status of quaint but outmoded ideas.
Bullish!
... Cash has gone the way of John Corzine - vanished without a peep.
the money may be chump change but the psychological impact of let's face it an irrational and untrusted market will last for a decade or more on this generation of investors. Can you see that. Get it.
Got it!
Ha ha ha HAHAHAHAHAHAHAHaAAAAA!
LMFAO
HA HA