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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.75+8.2%4:00 PM EST

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To: da_cheif™ who wrote (22436)3/1/2006 10:24:10 AM
From: Rarebird  Read Replies (3) of 207338
 
Actions speak louder than words:

"Charles Schwab saw record and near-record flows into stock mutual funds in January 2006. The last time flows were this high was February 2000. Todd noted that the yield curve was inverting at both of these times, and pointed out that, like 2000, the retail investor is getting excited about the market just when economic uncertainty hits. Todd went on to say that in 2000, investors that poured money into stock funds were ultimately burned, as the economy slowed and eventually went into recession."

schaeffersresearch.com

I'd say what you are witnessing here is the same naive money that never learned its lesson back in early 2000. Looks like nice Distribution by the Big Boyz here.
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