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


To: Perspective who wrote (270067)8/19/2010 4:31:28 PM
From: Giordano BrunoRespond to of 306849
 
Retail threw in the towel weeks ago, which is why at this point confirmation that nobody is trading is like watching reruns of Weekend at Bernies (or GETCO's). ICI reports that the week ended August 11 saw a record 15th weekly outflow from domestic stock mutual funds, this time of $2.1 billion. YTD outflows are now just under $48 billion. Hedge funds are not the only ones who missed the miraculous and completely senseless July stock ramp: retail pulled out $13.1 billion in the same time, and has followed up by redeeming another $4.1 billion in August so far: nothing matters anymore - stocks can go up, they can go down: it is all the same to the one segment of the stock market responsible for the biggest portion of market capitalization.

zero hedge



To: Perspective who wrote (270067)8/19/2010 9:34:30 PM
From: THRead Replies (1) | Respond to of 306849
 
bc,

True, but I wonder what countermeasure the Fed/PPT has already considered for that next flash crash.

I am absolutely certain there is a plan in place. We might not see the fireworks we expect, but the down will still express, just over the course of a week or two perhaps.

GT
TH