So apparently US stock markets are doing VERY well. And as per yesterday's trading, Stocks climb to 2-year highs.
Now what would be the normal assumption?
Folks will be rushing into the markets, yes?
Folks would be rushing to put in MORE money into their long term equity mutual funds, yes?
But what if the data shows that the Americans are not doing so but instead they have been taking more money out from their equity mutual funds?
Oh yeah, they are baccccccccccck! Back in a vengeance too!
Yes!
Despite the markets hitting highs, Americans have started the brand new year by withdrawing some 4.229 Billion from their equity funds.
And I have noticed that 21 December data had be revised to an outflow of 453 million.
Which means my posting on 30 December 2010 is faulty!
And We Have A Stop In Outflows!
Which means that we had witnessed 34 consecutive weeks of outflow since 28th April 2010.
And the amount withdrawn?
Just some 103.989 Billion!
You can verify the data here.
And yeah... the market is still going up. :=)
Past postings:
- What Does 33 Straight Weeks Of Fund Outflows Mean?
- It's 30 Consecutive Weeks Of Fund Outflows
- Another Week, Another Outflow
- More Fund Outflows Seen
- Equity Fund Sellers: They Are Baaaaack! 87 Billion Redeemed
- Equity Fund Outflows Shrinks Once Again
- Smallest Outflow Seen In Equity Funds
- Shh.. Remember The Market Is Getting So Hot...Let's Not Mention The Fund Outflows
- Shh.. Market's Going Higher, Let's Not Mention The Fund Flows Or Better Still Let's .....
- 20 Consecutive Weeks Of Fund Outflows And 71 Billion Withdrawn From Equity Funds
- More Money Redeemed From Equity Mutual Funds65 Billion Outflow From Long Term Equity Funds
- 58 Billion Reason Why Americans Thinks Their Stock Market Sucks!
- Americans Pulled USD 53.279 Billion Out Of The Equity Markets
- Stocks Rally And US Equity Investors Rallied To Get Out Of the Equity Markets
- Main Street Telling Wall Street That The Equity Markets Stinks!
- Stocks Are Flying To The Orbit But Investors Keeps Cashing Out!
- Since 28th April 2010, Americans Pulled USD 42.116 Billion Out From Equities!
- more here
Posts
6 comments:
Moolah,
Wonder if your funds flow analysis + TA would have reasonably predicted the recent series of "meaningful" correction way back in several months ago (while most are still on the cloud 9 in the midst of mr Market's pretty runs)
Regards,
Princess
Mun Wai,
This wasn't any serious analysis at all.
Honest.
All I did was refer to ICI's weekly report. I was merely interested in knowing the 'general' thinking of the American public towards their stock market.
And no.. I seriously cannot do no prediction. Not all.
ps: The inflow back into the equity funds have been strong this year. Many are aying the funds withdrew from the muni bond funds (thanks to Meredith's comments) and back into the equity funds. Last week, according to ICI data, there were some 5 billion flowing back into the equity funds.
Oops ! I've totally forgotten that Moolah is a cow and is still a cow, not a Sotong.
Thanks anyway :)
Cheers!
Rgds
LOL!
If you would like to read more, here's a tip, google for Jim Rogers and his recent comments about emerging markets.
Moolah,
Jim Rogers shorts Nasdaq and emerging markets.
Thank Goodness!
Thanks for sharing!
Cheers !
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