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Thursday, June 6, 2013

This Shouldnt Really Be Much of A Surprise

Looking at this chart of investor flows into equity mutual funds:

...and this chart of the sp 500

I dont find this particularly surprising:

Look Out Below: ‘Thundering Herd Is Moving the Wrong Way’

Seems like that thundering herd that fueled the massive inflows into stocks thus 

far this year are having second thoughts:

“Our clients just aren’t convinced that even some moderate to soft economic news is going to keep the Fed from paring back its policies,” Bliss said. “They’re getting nervous about staying long this market after such a big rally.
“The thundering herd is moving the wrong way. They’re taking some chips off the table to re-evaluate their positions.”
which creates a shorter term chart that looks like this

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