HI Michael: It's bad every were..just a small rally in the large
caps..but things do not look good.
Were has all the Money gone, with the stock market having pulled back and bonds sold off, there seems to be several Trillion Dollars missing.
I cant find were the Money went. I've created 16 new indexes in separate ares or sectors. It's not there in any of them, gold, metals, natural resources; all down, utilities, bonds long, short, Gov. and Junk, all down.
Foreign stocks , even the darlings all down..if it went to cash were did the cash go..deposits in Money Markets are small compared to the sell off.
Small caps down and sinking, mid caps the same, a small rally in some large caps but nothing to account for were the money from the sell
off went, it's like it vanished. Was it never there to begin with..
was what sold off just on margins, and had the market inflated. If so this should be a good reason to stop the mutual funds from using margins.
Most all the funds are down..there are a few exceptions but not many..nothing is remotely up enough to account for the money taken
out of the market.
It had to be margins..there does not seem to be another answer..
unless they are just sitting on raw cash..that's not deposited anywhere..to much money just gone..like vanished, and is no were to
be found.
This is bad..GreenSpam yelled inflation when we are really right around the corner from a repression, the only thing inflated was the price of stocks..via margins. Instead of him increasing margin requirements he jacks up the interest rate, I think we will be lucky to avoid a depression.
The higher interest is not going to correct the economy, it's going to kill it, the medicine is worse than the malady..he is using the same old right wing techniques that has crippled the economy and the
nation before..it's insane. I think I'm about ready to come out of
"all" long positions and go short term cash..get ready for some
higher rates and some real bargins. If he ups the rate in May..the
party is over..your going to see a real bear market..and it may last
a while too.
Jim
|
