Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

29 Consecutive Equity Mutual Fund Outflows
zerohedge.com ^ | 11/24/2010 | Tyler Durden

Posted on 11/24/2010 12:37:20 PM PST by The Comedian

Any minute now, any minute, we promise, investors will regain all their confidence in this non-charade of a market which reflects all the fundamental realities of the economy. Just not yet: last week saw the 29th consecutive outflow from domestic mutual fund flows, which incidentally surged to $2.8 billion from the $677 million outflow the week prior.

Sarcasm aside, nobody except for CNBC's Fast Money is putting money in the market. Well, so are the Primary Dealers, and to an extend the Hedge Funds. Although now that the letter no longer have access to pervasive insider info courtesy of expert network, it may be up to just the Fed, HFT and the 18 primary dealers to take the Dow to 36,000. After all, there is a wealth effect to be created.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy
KEYWORDS: economy; mutualfunds
We've stopped bailing, water is still flowing in through the Obamahole, and all the Fed can say is "We put out the fire".

What fire? We're drowning, you idiots.

1 posted on 11/24/2010 12:37:24 PM PST by The Comedian
[ Post Reply | Private Reply | View Replies]

To: Bullish; CJ Wolf; houeto; Quix; B4Ranch; Whenifhow; Silentgypsy; blam; FromLori; Lurker; ...
Excerpt:

"Overall, selling by S&P500 insiders was 8,279.5x times greater than buying (per Bloomberg). There were 5 insider buys for a total of $150,673, and 117 sales for a total of $1,247,500,249. "

"Economic Holocaust" ping.

Moderate volume ping list watching the slow motion Economic Holocaust.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

2 posted on 11/24/2010 12:42:50 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Comedian

“managed” mutual funds?
You mean some morons still have some money left in them to pull out?
Are you sure?


3 posted on 11/24/2010 1:00:31 PM PST by nkycincinnatikid
[ Post Reply | Private Reply | To 1 | View Replies]

To: nkycincinnatikid

>You mean some morons still have some money left in them to pull out?

I have a couple thousand in one, squirreled away leftovers from my deployment overseas.
My investment strategy is, put it in, and then “forget” about it.


4 posted on 11/24/2010 1:07:33 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: OneWingedShark

I’m glad you took no offense.
Truth is I still have some remnants in such “investments” from many years ago.
“Forget about it” or cash out and buy a slurppe, What to do?


5 posted on 11/24/2010 1:33:05 PM PST by nkycincinnatikid
[ Post Reply | Private Reply | To 4 | View Replies]

To: The Comedian

I scanned the list and didn’t see AT&T on it.


6 posted on 11/24/2010 1:34:03 PM PST by B4Ranch (I never met one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: The Comedian

29 weeks of outflow and the Dow has gone up 10%?

We’re not in Kansas anymore Toto.

I smell a Spooky Dude.


7 posted on 11/24/2010 2:54:43 PM PST by Lets Roll NOW
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lets Roll NOW
I smell a Spooky Dude.

And fresh, steaming piles of unaccounted-for TARP and "stimulus" slush-cash.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

8 posted on 11/24/2010 2:58:05 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: OneWingedShark

Bad strategy...IMO.


9 posted on 11/24/2010 3:01:25 PM PST by Osage Orange (MOLON LABE)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Osage Orange

Maybe, but it is better than the OHMYGODIHAVETOLOOKOUTFORMYPORTFOILIO [stressful] or THEMARKETTOOKADIPOFXMAGNITUDESELLSELLSELL!! [foolish considering there will ALWAYS be market fluctuations] strategies.


10 posted on 11/24/2010 5:31:24 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: The Comedian

I wonder what THEY were BUYING???


11 posted on 11/24/2010 6:02:15 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 2 | View Replies]

To: OneWingedShark
A couple words I avoid using......

Never and Always.

But that's just me.....

FRegards,

12 posted on 11/24/2010 6:38:01 PM PST by Osage Orange (MOLON LABE)
[ Post Reply | Private Reply | To 10 | View Replies]

To: The Comedian
The folk are de-leveraging and paying down debt. Cash is king and it is flying out of equities to re-balance the ol’ balance sheet.
13 posted on 11/24/2010 6:53:05 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Osage Orange

>A couple words I avoid using......
>Never and Always.
>But that’s just me.....
>FRegards,

While they may be good rule-of-thumb, especially for predictions, there REALLY are cases where NEVER and ALWAYS are entirely appropriate, one specific case is that of Logic.

There is, in Logic, an axiom called The Law of Non-Contradiction which states:
“No statement may be simultaneously true and false.”

Restated, it is saying “It is NEVER the case that a statement may be true and at the same time false.”

Now, given my statement regarding market fluctuations it is hard to ‘see’ on the macro-scale, but becomes entirely obvious on the micro-scale. Imagine that you and someone else are trapped on an island somewhere, you know how to fish and your neighbor knows how to make alcohol so you both engage in those and sometimes trade one for the other. We have here the smallest possible economy, in fact because a market can only exist when trade occurs there are times when the market DOES NOT EXIST!

Now, zooming back out to the macro scale, we keep in mind that it is made up of these discrete micro-economies; and we learned from statistics that the bigger the population the more likely that grabbing a single point will yield an abnormal data-point. So the more/bigger our economy the more likely that a single random trade will not be abnormal. Now if we were to take a large random sample from those points it would yield a normal distribution. What this means is that when the market-sample is [more] homogeneous (less volatile) there are lots-and-lots of trades going on, and when it more volatile there are less trades going on. {A wide standard-deviation and a narrow standard-deviation respectively.

Remember because we are dealing with discrete units, at some particular interval in time, the only ways that it can be ‘constant’ are:
1) By being at the zero state; that is nobody is trading anywhere.
2) By some sort of mechanism that returns the state to its previous setting.... like this:http://radio-weblogs.com/0104693/stories/2002/11/17/directive10289.html


14 posted on 11/24/2010 7:17:13 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: OneWingedShark

Don’t ever attempt to trade stocks.....


15 posted on 11/24/2010 8:27:34 PM PST by Osage Orange (MOLON LABE)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Quix
I wonder what THEY were BUYING???

Anecdotal evidence from some friends in finance:

1) Farm and retreat property away from the cities

2) Gold and Silver

3) Overseas property


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

16 posted on 11/25/2010 6:47:40 AM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: The Comedian

I still say we have Freepers who are aware of biggies locations.

We SHOULD be able to have a tab and when XX numbers of them leave the country . . .

But I’ve never been able to get FREEPERS that interested in such an early alert tab.


17 posted on 11/25/2010 7:40:39 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 16 | View Replies]

To: The Comedian; Alamo-Girl; Amityschild; AngieGal; AnimalLover; Ann de IL; aposiopetic; aragorn; ...

This proposal yet again, group . . .

I still say we have Freepers who are aware of biggies locations.

We SHOULD be able to have a tab and when XX numbers of them leave the country . . .

But I’ve never been able to get FREEPERS that interested in such an early alert tab.


18 posted on 11/25/2010 7:41:37 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Quix; The Comedian

Alarm & Muster may be watching such things.


19 posted on 11/25/2010 8:16:03 AM PST by houeto ("You know, I actually believe my own bullsh_t," --- BHO)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Quix
You can count me in, but I don't have that information. If someone supplies it, I will act on it.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

20 posted on 11/25/2010 8:16:10 AM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: houeto

Is that an organization or a screen name?

You have a link?


21 posted on 11/25/2010 8:21:57 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 19 | View Replies]

To: The Comedian

I’m just convinced that we have enough FREEPERS in positions suitable for monitoring such movements . . . whether at airports or working for such traitors or whatever.

If they would devise a safe rating scale to signal various sorts of movements . . . including

moving house or leaving the continent in a definitive way . . . when great percentages of them did . . . should be some sort of signal of something interesting, I’d think.


22 posted on 11/25/2010 8:23:34 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Quix

It is an organization.

http://alarmandmuster.com/


23 posted on 11/25/2010 8:36:49 AM PST by houeto ("You know, I actually believe my own bullsh_t," --- BHO)
[ Post Reply | Private Reply | To 21 | View Replies]

To: houeto

thx thx.


24 posted on 11/25/2010 9:07:08 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
[ Post Reply | Private Reply | To 23 | View Replies]

To: The Comedian
Part of the sales are due to concerns over income tax changes with 2011.

But not all.

...oh, and Happy Thanksgiving.

Cheers!

25 posted on 11/25/2010 9:54:34 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: OneWingedShark
and we learned from statistics that the bigger the population the more likely that grabbing a single point will yield an abnormal data-point. So the more/bigger our economy the more likely that a single random trade will not be abnormal.

These two sentences appear to contradict one another at first reading. Can you clarify?

...oh, and Happy Thanksgiving.

Cheers!

26 posted on 11/25/2010 9:56:52 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: grey_whiskers

>>and we learned from statistics that the bigger the population the more likely that grabbing a single point will yield
>>an abnormal data-point. So the more/bigger our economy the more likely that a single random trade will not be abnormal.
>
>These two sentences appear to contradict one another at first reading. Can you clarify?
>...oh, and Happy Thanksgiving.
>
>Cheers!

Oh, that first one should be “less likely” rather than “more likely.” Good catch.


27 posted on 11/25/2010 10:36:52 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 26 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson