There is a growing disconnect in the stock market and the Las Vegas Nevada Casino Investment Groups Are Laying The Odds At 4-1!
I played Bears Best in Las Vegas this week with a major casino money manager and the proposition wagers will be based on the DOW going below 15,000 by the end of 2015.
We will update this fresh release as stock fundamentals are not part of the stock investing formulas when the fix appears to be in the making. In addition. Bank of America stated the obvious evidence below:
There's a huge disconnect in the US stock market right now.
A new Bank of America Merrill Lynch survey published Friday finds that US investors have pulled $79B out of equities year to date - including net outflows in 9 of the past 10 weeks - despite stock prices continuing to break new record highs.
On Thursday, the Nasdaq closed at its highest since March 2000.
And on Friday, the S&P 500 traded at another intraday high above 2120, crossing the record for a second straight day.
As this imbalance grows, Bank of America writes that the risk of something we haven't seen in the market in years will continue to grow: a correction.
(Bank of America Merrill Lynch)
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