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Retail Capitulation: Stock Outflows Surge By Over $7.5 Billion In 18th Consecutive Week PDF Print E-mail
Written by Steve Meyers   
Wednesday, 08 September 2010 19:20

This is getting really ridiculous. In the week ended September 1, domestic equity mutual funds saw $7.5 billion in outflows: the biggest one week outflow in 2010 since the $13.4 billion redeemed in the Flash Crash week. The trend developing is simple: retail investors withdraw increasingly greater numbers in weeks in which the market is down even a little, and withdraw just a little in weeks in which the low-volume melt up presents them with an opportunity to get out at a better price level. Of course, the common thread is that as we have said for 18 consecutive weeks, retail just wants out. And now that, courtesy of Mary Schapiro, retail has finally put two and two together, and knows that even the regulators are concerned about redemptions, which are perceived by the SEC as being a function of distrust in market structure, we now fully expect more and more redemptions. READ MORE

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Mark Sorensen |2010-09-08 22:31:04
Yes but as real investors withdraw, the invisible hand gets bigger. The scary thing is that at this rate it will just be the bears and the POMO/Fed juiced computers left - I don't like the odds on that. I'm trying to make it to around Nov. 10th and then we'll see. I heard that the ISEE hit 247 today - incredible given that we are obviously heading into a double dip.
Matt  - Ah the invisible hand |2010-09-09 06:35:53
I have to agree with you Mark. The Market makes no sense at all. The Fed's have it turned up side down. I've been on the record here on this blog since April
saying that the market won't drop because it's a election year. I starting to look like Steve is coming around to this idea as well. I do think stronger head winds will come in to play in 2011. And late 2012 we will crash down hard. But I keep thinking now maybe in 2011, 2012 we "might" not crash as the invisible hard would be holding a lot of worthless shares and no one to sell them too. I'm just throwing out ideas here. But could it be possible that the stock market is being reset here, lets say Dow 10k instead of a at a much lower level?
We could in fact say in a 1500 point trading range for a long time.. At any rate it's getting interesting. God bless.
Matt
Mars  - SP500 daytrader |2010-09-08 23:53:37
No overt signals tonight, but I must say that I do have that "feeling" that a sizeable move is imminent. So, my anticipatory bias is for SP500 weakness THUR/FRI to wrap up the week.

For now the 2nd consecutive year, on or near SEP 11, I have an extended family emergency and will likely be gone for a day or two. If we get a big move, I'm hoping you'll capture nice profits. Best of luck!
p.s. remember that SEP 11 (although a SAT) is a Bradley Model minor turn date, and also a McHugh PhiMate turn date.
Ron Rebner |2010-09-09 07:29:31
Mars. Travel safe. Thank you all your contributions on this site.
Deac Heath  - Is there such a formation as a double head and sho |2010-09-09 03:22:53
Double H & S where the right shoulder of the first is the left shoulder of the second. Example: Mid Jan. L/S; Late April Head; Mid June R/S & L/S; Early Aug. Head; current R/S?? This is in the S & P 500 1 year scale. Thanks!
Ron Rebner |2010-09-09 07:47:03
Fighting the big boys in Washington.

« True Cost Of The Wall Street Bailout (PBS VIDEO) »

http://dailybail.com/home/true-cost-of-the-wall-street-bailout-pbs-video.html?source=patrick.net#sit eTitleWrapper
Ron Rebner |2010-09-09 07:54:12
Tumble? Only lost 451,000. Wow.

New filings for jobless benefits tumble

http://finance.yahoo.com/news/New-filings-for-jobless-apf-1601329658.html?x=0&sec=topStories&pos=mai n&asset=&ccode=
SteveP |2010-09-09 08:44:49
Zerohedge- Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat".

This data changing/guessing, futures ramps, and front running POMO days is getting a little too obvious. Welcome to the Banana Republic USA
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