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The pullback over the last 2 months is especially notable as no sector within the S&P 500...

The pullback over the last 2 months is especially notable as no sector within the S&P 500 has been spared, notes Bespoke. It's extremely rare for this to happen as bear moves usually see money flow into defensive sectors like Utilities or Healthcare. With looming tax hikes on dividends and capital gains, investors are dumping it all.
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Comments (13)
  • talld
    , contributor
    Comments (527) | Send Message
     
    It is nto that rare, it happened several times in the last two years.
    16 Nov 2012, 02:18 PM Reply Like
  • eviljoe35
    , contributor
    Comments (92) | Send Message
     
    fear mongering article
    16 Nov 2012, 08:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (13362) | Send Message
     
    Hasn't hurt gold or silver that much....If anything margin calls and weak hands have sold...Funny , lets see how long that fiat money lasts anyway..
    16 Nov 2012, 11:35 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Well Interesting, remember when you turn that gold into...cash....that funny fiat money you speak of its whats going to make your gold worth something.

     

    Notice how gold is priced in that fiat money....its at $1713 an ounce. as in good ole' US bucks!
    17 Nov 2012, 10:05 AM Reply Like
  • Interesting Times
    , contributor
    Comments (13362) | Send Message
     
    RUMM

     

    Who ever said i will be turning it into fiat money? Maybe real estate? Holders of PM wait a long time to sell. So lets see what happens to our dollar before you tell me what i am going to do with it!!
    17 Nov 2012, 02:00 PM Reply Like
  • chopchop0
    , contributor
    Comments (3955) | Send Message
     
    Visa and Mastercard don't seem to care
    17 Nov 2012, 12:09 AM Reply Like
  • Interesting Times
    , contributor
    Comments (13362) | Send Message
     
    If that is where your money goes i hope you saved enough for the massive inflation ahead..I carry no debt..
    17 Nov 2012, 02:01 PM Reply Like
  • chopchop0
    , contributor
    Comments (3955) | Send Message
     
    V ma take a cut, so inflation shouldn't be a big issue
    17 Nov 2012, 02:18 PM Reply Like
  • bootsboy
    , contributor
    Comments (74) | Send Message
     
    If "massive inflation is ahead" as you claim, That is THE time to have plenty of debt, so you can pay it off in cheaper dollars.
    17 Nov 2012, 04:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (13362) | Send Message
     
    That IS if your fiat money is accepted?? Google Fiat money and look at the lifespan of each and everyone of them.....NONE ever lasted very long, ALL have died!!

     

    Taking us off the gold standard was the kiss of death, now we just have the can kicked down the road , look at Europe...WERE NEXT FOLKS!!

     

    We have places in the midwest were signs are in stores saying american currency not accepted!!! We also have states that now accept gold and silver as money.

     

    You go to a bank, get that days metals price, and walk out with a debit card...Times are changing folks..
    17 Nov 2012, 06:03 PM Reply Like
  • pkvanwinkle@yahoo.com
    , contributor
    Comments (31) | Send Message
     
    Selling equities to avoid cap gains?...ok, sounds reasonable.
    But then what are they buying with the cash? My guess.... Different equities. Watch especially ETFs...easiest place to keep ones equity positions without picking specific companies without the usual "due diligence ". I suspect this area could be a bottom, watch for net buying to pick up after T-giving. Just a guess...no special analysis.
    17 Nov 2012, 04:22 AM Reply Like
  • convoluted
    , contributor
    Comments (2173) | Send Message
     
    The so-called binary risk on/off moves are, at this point, deeply ingrained. While outliers are to be expected in any statistical observation, 70% or more of market-moving decisions are made by bots. However, even the outliers are fleeting anomalies, created once again by trading algos.
    I would add another variable, which can result in gameable payoffs-thinly-traded stocks. Where a stocks 'value' seems inflated relative to its peers, and the inflation relies upon a balance-sheet component (e.g.SHLD and real estate)- a longer-lasting fundamental recognition can take a big bite out of the stock. On the other hand, a stock like ISRG, with a highly valued product, can recover in the blink of an eye. Nonetheless, a sustained anxiety attack will simply (and predictably) drain cash from the equity market.
    17 Nov 2012, 09:48 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3401) | Send Message
     
    bot some xlu this morning at 34.41. I like buying the weakest sector.
    19 Nov 2012, 10:13 AM Reply Like
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