All, note the mutual fund money flows for the week ended Wednesday:
amgdata.com
Even with a four day rally, equity funds managed NET OUTFLOWS of $160 million for the week. Interestingly, money market funds lost $2.8 Billion too, taking out a little of the liquidity that was hanging out there, threatening to jump back in at any time. And, bond funds only took in $240 million. Gee, are people paying down their debts or something? Oops, quarterly tax payment week, isn't it? Anyway, the 4 week moving average for equity funds is net outflows of $2.1 billion per week.
Happy expiry day, bears!
Bob
PS: Globex not helping so far. Nor was Tokyo's morning session, but HK just kicked in with a -116. |
