Jonathan,
>> some likely sellers: mutual funds seeking redemption capital;
Speaking of redemptions ............. By the way, I think this makes approx $30 B in 4 weeks. And if this is the case, it is not a matter of shorts doing us in, but the average joe walking away with what's left of his wallet. If only I was that smart back in April.
Sarmad
edit. I wonder what it will take to bring this money back into the market ? Higher prices ?????
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bigcharts.marketwatch.com
MarketPulse
5:09PM Investors yank $11 bln from stock funds in latest week by Craig Tolliver
Investors withdrew $10.9 billion from stock mutual funds
in the shortened holiday week, following outflows of $9.2 billion the week before, according to Trim Tabs. Over the four-day period ended Tuesday, equity funds investing primarily in U.S. stocks had outflows of $10.9 billion, compared with outflows of $7.6 billion the prior week. International equity fund flows were flat in the latest week, vs. outflows of $1.6 billion the previous week, according to the Santa Rosa, Calif.-based fund analyst. Trim Tabs tracks the daily flows of ninety fund families, representing about 15 percent of all equity fund assets, to arrive at its weekly averages. |
