Though we may sound like a broken record, just one more week, and we promise that the hot potato chasers will return to the broken market. After all who else will the Primary Dealers and HFTs offload their billions in AMZN, EBAY and AAPL shares to? And now back to your regularly scheduled propaganda.
This is the 27th consecutive week of domestic fund outflows, commencing with the May flash crash, and resulting in $85 billion in retail outflow YTD. It appears that neither circuit breakers, nor the Bernanke put have made any impression on investors, who continue to prove that the general American public (with a little guidance) is smarter than what the government, the Chairman, and the CNBC production crew give it credit for.