KymarFye, i have been going over this week rydex #'s and the swings in money were as dramatic as have sentiment on these threads, on monday we hit a 52 week low in the ratio, but by thursday rydexers had shrunk the money market fund almost in half, the most dramatic move i've ever seen since i started tracking them, they were piling mostly in otc, and the leveraged spx/otc funds, and by friday they were scampering right back out of the same funds, not to levels that we saw on tuesday, but levels that are getting near a neautral area.
so they keep buying the top tick in these funds and selling at the bottom -g-
on sept 1st there was 5.7 billion in the main switching funds, nova,ursa,otc,arktos,money market and the 4 leveraged funds, on friday these funds were down to 3.7 billion, maybe 10% of that loss has rotated in bond and sector funds, but most has either gone up in smoke or just been taken out, that's without considering any possible inflows during this period.
laverne has some nice charts posted on mita this weekend.
b |
