Market Currents
The pace and magnitude of flows into equity funds is flashing a contrarian sell signal says...
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Friday, February 22, 11:27 AM ETThe pace and magnitude of flows into equity funds is flashing a contrarian sell signal says BAML. $8.6B flowed into equity funds last week, the 13th consecutive week of positive reads - the longest streak in 13 years. Also seen are $3.7B of flows into bond funds and $32B of redemptions from money market funds.
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a bull market....
This may all be MSM/Obama sequester fever brought on by Obamas recent rants about the end of days slashing the 2.5% he signed off on.
Nothing really to see here just keep moving along
zh had a post on the memo to 'run the market up in the first few months say 10% or so, string it out long enough to sell acquired longs that are held over 60 days (thereby meeting new fed regs for non prop desks), then borrow all the shares of the recently enticed dummies, then dump it back to its yearly starting point, cover the shorts, go long again and wait until fall or year-end to dump again
classic lather rinse repeat
look, the TLT is a serious bellwether because it's halfway b/w the 10 and 30 so it covers this middle ground which is not as heavily traded but serves as a good indicator; I do not care what any newfound bull says, the Fed has got to cover their positions on not letting interest rates get out of hand which means defending the heck out of the ust's and so what if the foolish equity markets get a little trim