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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (201449)5/9/2009 10:34:21 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
<The investing public is still holding tightly to their long-term resolve>

Mutual fund flows: this intrigues me. My expectation would have been to see outflows ramp up into the *March* low, and then remain high. Instead, per the ICI (and my lousy Excel charting skills), what we see is that most of the mutual fund redemptions took place before the end of October 2008. IOW, the majority of redemptions in this bear to date occurred ABOVE SPX 900!



That spike to -70B is the number for OCTOBER. Look where SPX was back then:



Is that really what one would expect at the bottom of a generational bear?!? Anybody got the data from the 2000-2 bear?

I can't help but see this supporting the hypothesis, yet again that everything since the November low has all been part of the same corrective action.

`BC