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

To: Smiling Bob who wrote (261019)	7/15/2010 9:56:31 AM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

AMZN cut at BAC?....looks like AAPL ran out of duct tape....must have all gone to BP. ;-(

To: Smiling Bob who wrote (261019)	7/15/2010 12:19:44 PM
From: RetiredNow	Read Replies (3) \| Respond to of 306849

ICI Reports Largest Equity Fund Outflow In Two Months, Coinciding With Short Covering Market Surge Submitted by Tyler Durden on 07/15/2010 09:34 -0500 zerohedge.com Remember how the market surged last week? One would think this may have been driven by something as fundamental as actual capital instead of HFT channel stuffing, frontrunning, and other no volume gimmicks, and that retail might actually be participating in a rally for once... One would be wrong. According to ICI even as the market was surging, once again - on no volume, it was merely an orchestrated means for mutual funds to sell out of stocks at slightly better prices to cover another week of massive outflows. In the week ended July 7, ICI reports that domestic equity mutual funds saw $4.1 billion in outflows, the largest outflow in the past 2 months, and the third biggest weekly redemption in 2010! This is also the tenth sequential outflow, amounts to $34 billion in total outflows YTD, and represents a losing streak even worse than that of the BDIY.... Yet stocks jumped. One day we hope congress will ask the Fed to explain this particular observation. And yes, in other lack of news, investors no longer trust stocks period: $6 billion in capital was allocated to taxable bond funds. Nobody cares about 10% returns with the possibility of a total wipe out. 4%, capital preservaton, and staying away from the corrupt and broken stock market is more than enough for most Americans nowadays.