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Funds Flow Continues


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Taking off early for the long weekend.

 

The mutual fund inflows continue at a record pace.

 

Money market fund outflows continue at a record pace.

 

According to TrimTabs, another $22 billion piled into stock funds in April.

 

May saw a $8 billion in outflows, but Biderman noted a "huge inflow on Monday and Tuesday this week", which is likely to offset outflows from earlier months.

 

Could it be the MoneyTalk Starshippers?

 

There never was a bear market.

 

Money has piled into mutual funds non-stop the last 5 years. Only a couple of months like July 2002 saw outflows which exceeded $20 billion.

 

More money continues to be shoveled in, yet the S & P is barely unchanged the last 5 years.

 

So now we have $128 billion in "new money" since January 2004.

 

Fidelity alone manages $1 trillion in funds.

 

Imagine that.

 

There are almost 10,000 funds out there. And one house alone has $1 trillion.

 

Stansky at Magellan is under the gun. He failed to beat the S & P last year because he didn't buy enough tech stocks.

 

I bet he's buying them now.

 

A long ways to go to catch up with Kevin Jamdis at First One Out Internet Fund, up 71% the last 18 months.

 

Amazing how the Perpetual Motion Machine sponsored by the Johnny Law II Hedge Fund has deftly manipulated so much money into the riskiest asset classes.

 

The greatest wealth transfer of all time.

 

Golf Clap for the Plutocrats: Greenspan, Snowman, Bernanke, Poole, McTeer, and all the rest.

 

Everyone have a good long weekend.............

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Close: The major indices were stuck in a rut for the entirety of the session, burning a hole around the unchanged mark...The impending 3-day weekend (the market will be closed on Monday in observance of Memorial Day) drove a lot of traders to abandon their posts early in favor of their favorite vacation spot... The lack of participation was evident in the anemic volume levels (the NYSE and Nasdaq barely crossed the 1 bln mark), mixed market internals, and lack of sector leadership...

 

Investors preferred to dabble lightly in stocks - taking profits in some cases - with the market up for the week and fear of geopolitical strife in the back of their minds... Economic reports were thus given little thought by traders, even though most of them were encouraging... The May Chicago PMI Index climbed to 16-year highs, at 68.0 (consensus of 62.0), while the April Personal Income and Spending reports both exceeded consensus expectations at 0.6% and 0.3%, respectively... The revision to May Michigan Consumer Sentiment was the only disappointment, falling to its lowest levels since October as survey participants were troubled by escalating gas prices...

 

The semiconductor group emerged as one of the biggest winners of the day, due to a better than expected Q2 (June) outlook from Novellus (NVLS 33.18 +1.80)... The energy shares also performed well thanks to the $0.44 increase in the price of crude oil to $39.88/bbl following talk that OPEC might suspend quotas - which could end up increasing the group's long-term price target... As for the weakest sectors, tobacco, steel, and transportation rounded out that list...

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Close:

 

Investors preferred to dabble lightly in stocks -

 

...fear of geopolitical strife in the back of their minds...

 

... The May Chicago PMI Index climbed to 16-year highs, at 68.0 (consensus of 62.0), ....

 

The revision to May Michigan Consumer Sentiment ...falling to its lowest levels since October ...

 

...The energy shares also performed well thanks to the $0.44 increase in the price of crude oil to $39.88/bbl following talk that OPEC might suspend quotas - which could end up increasing the group's long-term price target...

this the most non-sensical piece of #&%! that I've ever read..if you can figure out that last quote, let me know

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Close: The major indices were stuck in a rut for the entirety of the session, burning a hole around the unchanged mark...The impending 3-day weekend (the market will be closed on Monday in observance of Memorial Day) drove a lot of traders to abandon their posts early in favor of their favorite vacation spot... The lack of participation was evident in the anemic volume levels (the NYSE and Nasdaq barely crossed the 1 bln mark), mixed market internals, and lack of sector leadership...

Then who the F were defneding slightest drop in the indices ? :angry:

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jickiss is back

 

and

 

Dear Sudaca:

 

Tanks so very much for the most excellent p & f chart on GOLD!

 

jickiss noticed the prelim. target price:

 

448

 

from your chart to Marky Mark's ears!

 

FWIW, jickiss says that 448 is really very conservative, even in terms of the leg up that is in place...just you wait, 'Enery 'Iggins, just you wait!

 

North of $433.30, the recent Comex high, when that Jickiss Award Winner, Mr. Prechter is finally discredited, certain re-"al"-uh-teaz will become clearer.

 

beneath 400, it is very very cheep, for sure....the last piece of (almost) free Exoicta???We will wait for Marky Mark to tell us.

 

regards to all,

jickiss

still long GG on margin

 

ps Belmont will be here in a flash! get ready for da Tri and for da Super...Go Smarty Pants Jones, go, runnnn, wire wire wire, Triple!!!!!

 

they will go Crazy at Philadelphia Park.

Philadelphia Park, da home of the Triple Crown Winner.

 

Since the usa was founded in Philly, Maybe there is a glimmer of hope (Bearish Hope, that is), after all.

 

stay sharp, stay alert, and get ready for next week!

 

Acres of Diamonds to all at Stoolville!

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In Intraday Stool I wrote:

And again, today was an excellent shorting opportunity.

The risk/reward ratio is very favorable.

 

To which I Am Madness replied:

And why do you make such an assumption....all the technicals are saying higher before we pullback. I have Comp going to 2020 before any pullback.

 

It is always amazing how two people can look at the technicals and reach two very different conclusions.

 

There is a clear sideways-down trend in the NDX. Within that trend, the market is overbought. And various overbought indicators are reversing.

 

When you say "2020 before any pullback" you are anticipating. I learned the hard way not to do that.

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Took my first glance at the banking data tonight. Most interesting and curious. While the M's are surging, credit is still shrinking. How can that be? Stay tuned for the complete update in your Anals Fed Releases update tonight.

 

Here's a question for you. What must banks do when carrying unrealized losses on the books? What happens when foreign related banking institutions persistently reduce their US assets? We'll have a look at both of those issues in the Fed Releases Update.

 

For those who think that credti bubble reflatulation is working-- Hogwash!

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