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In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge

Posted By admin On December 8, 2011 @ 3:54 am In Money Watch | Comments Disabled

Zero Hedge [1]
December 8, 2011

As if we needed another confirmation that the sad joke of a market has now succeeded in driving virtually everyone out courtesy of precisely the kind of bullshit we saw in the last 30 minutes of trading today, here comes ICI [2]with the latest weekly fund flow data. It will not surprise anyone that in the week in which the S&P rose by a whopping 8 points on absolutely nothing but more lies, rumors and innuendo, US retail investors pulled a whopping $6.7 billion from domestic equity funds: the most since the week after US downgrade when a near record $23 billion was withdrawn. Only unlike then when the market bombed, this time it simply kept rising, and rising, and rising. In other words, every ES point higher serves no other purpose than to provide an even more attractive point for the bulk of that now extinct class known as investors to call it a day, and pull their cash out of this unprecedented shitshow that central planning has converted the market into. And for those keeping score, a total of $123 billion has now been pulled from stocks in 2011, well over the $98 billion withdrawn in 2010.

In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge  Fund%20Flows%2012.7 [3]

There’s nobody left: just the occasional robot.

SkyNet has won.

 


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/past-week-americans-pull-most-money-stock-market-farce-us-downgrade-despite-market-surge

[2] here comes ICI : http://ici.org/research/stats/flows/flows_12_07_11

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/Fund%20Flows%2012.7.jpg

[4] Foreigners Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In US Paper Sold In Past 2 Months: http://www.prisonplanet.com/foreigners-sell-second-largest-amount-of-us-bonds-ever-in-past-week-record-93-billion-in-us-paper-sold-in-past-2-months.html

[5] Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring: http://www.prisonplanet.com/federal-reserve-money-printing-is-the-real-reason-why-the-stock-market-is-soaring.html

[6] Stock Market Has Fallen Steadily Since Bailout Bill Signed: http://www.prisonplanet.com/stock-market-has-fallen-steadily-since-bailout-bill-signed.html

[7] Even the Little Guy Now Realizes that the Stock Market is Gamed, And Many Are Pulling Out Entirely: http://www.prisonplanet.com/even-the-little-guy-now-realizes-that-the-stock-market-is-gamed-and-many-are-pulling-out-entirely.html

[8] TrimTabs: “No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From Bursting”: http://www.prisonplanet.com/trimtabs-no-amount-of-qe-will-be-able-to-keep-the-current-stock-market-bubble-from-bursting.html

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