Wednesday, December 7, 2011
Dec 8: Stats of the Day
The reason? Well, I mean, does it really matter??
Most people are indoctrinated to believe a strong market means a strong economy and thus when it goes up, no one really wishes to question it. Just simply cheer.
But here's the the real question, akin to "If a tree falls alone in the woods, does it make a sound?"... "If billions of dollars of $$ is being pulled from the stock market, how can it possibly rise?"
According to ZeroHedge, last week "US retail investors pulled a whopping $6.7 billion from domestic equity funds: the most since the week after US (S&P) downgrade when a near record $23 billion was withdrawn... a total of $123 billion has now been pulled from stocks in 2011, well over the $98 billion withdrawn in 2010."
So, $221 Billion dollars have been taken out of the stock market since 2010 and that does not include investments of your basic mom & pop player.. and yet it keeps rising..
Yay for the Fed and robot trading, right