Tagged: SPY RSS

  • Pete 11:08 AM on September 2, 2010 Permalink
    Tags: , SPY   

    17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate 

    ZeroHedge.com reporting:

    In the meantime, ICI reports we have just recorded the 17th consecutive weekly outflow from domestic equity mutual funds, and what’s worse for mutual funds’ depleted liquidity ratios, it is now accelerating, hitting a total of $4.3 billion, a more than 50% increase from last week’s $2.7 billion.

    —————–

    In the meantime, no matter what the market does (and somehow it has been flat during the entire period of record redemptions: good to know someone is putting capital into stocks), on a short-term basis, nobody wants to touch it with a ten foot pole. Retail is no longer fascinated by speculating and day trading: after all why should they – they get better odds in Vegas… where the decor puts the aging CNBC female anchor crew to shame.

    When you start reading people comparing getting better odds from Vegas versus investing in the stock market it makes you wonder how true it is.

     

  • ArlingtonJB 2:02 PM on August 31, 2010 Permalink
    Tags: SPY   

    Interesting blog post I See A Pattern Forming in the S&P 500 and So Should You. Basically, it illustrates the buying that has been happening when the S&P 500 falls to the 1040 level.

     

  • Pete 11:57 AM on August 30, 2010 Permalink
    Tags: , SPY   

    Death of equities, part 2? 

    Marketwatch.com reporting:

    Remember “The Death of Equities,” BusinessWeek’s seminal Aug. 13, 1979 cover story? It claimed that investors, burned by years of poor returns in the 1970s, had abandoned stocks for good.

    Well, last Sunday, The New York Times published what may as well have been entitled “The Death of Equities II.”

    In the right-hand column of the print edition’s front page — the newspaper’s equivalent to a magazine cover — was an article headlined: “In Striking Shift, Investors Flee Stock Market.”

    NYTimes.com In Striking Shift, Small Investors Flee Stock Market

    This is a ‘most popular’ article on Marketwatch.com today.

     

  • Pete 12:45 PM on August 25, 2010 Permalink
    Tags: , SPY   

    Cramer: Charts Forming ‘Truly Ominous Pattern’ 

    CNBC.com reporting:

    “The charts are terrible,” said Cramer, adding that, in particular, the chart of the Standard & Poor’s 500 Index seems to be forming “a truly ominous pattern” known as a head-and-shoulders formation.

    Cramer brought out bottles of Head and Shoulders shampoo on his set during this segment. Yep Head and Shoulder chart talk is back!

    Proctor & Gamble must be loving the free advertising thanks to the stock market.

     

  • Pete 12:30 PM on August 25, 2010 Permalink
    Tags: , SPY   

    Millionaires Turn Pessimistic About Investing 

    WSJ.com The Wealth Report Blog reporting:

    This month’s Spectrem Group’s Millionaire Investor Confidence Index–which measures the investment outlook for those with $1 million or more in investible assets–fell 11 points to levels last seen in June 2009. It was the biggest decline in more than a year and by Spectrem’s measures, that means millionaires are back in “mildly bearish” territory.

    “The millionaires’ decline is particularly troubling since it suggests millionaires, typically more sophisticated than the broader affluent population, are reverting to a bearish frame of mind,” said George H. Walper Jr., President of Spectrem Group.

    What’s eating the millionaires?

    You guessed it: Washington.

    ————————–

    What has changed is the stock market. The raging stock-market rebound that began in March 2009 and continued through the end of 2009 has been stopped in its trans. This matters because most of the wealth of the wealthy is in stocks and other financial investments, not houses.

    The question is whether their pessimism is a leading indicator or trailing. Their history is mixed. Remember, the last time they were so bearish we were in the early stages of what turned out to be a stunning rally.

    Main street worried about unemployment and the economy while millionaires worried about Washington.

     

  • Pete 12:52 PM on August 24, 2010 Permalink
    Tags: , SPY   

    S&P Stocks Trading at New 52-Week Lows 

    CNBC reporting:

    In today’s trading session, 41 stocks in the S&P 500 reached a new 52-week low.

    Take a look at the names on this list. We can get a pretty good picture of what
    the economy is really like out there by the price action of these S&P 500 companies.

    To top it all off Mark Hulbert’s article on the Hindenburg Omen:
    Crash and burn

    The market is falling, the market is falling!

    That’s the urgent warning coming from devotees of an esoteric market timing gauge known as the Hindenburg Omen. They say that it is a reliable indicator of an imminent stock market crash.

    But I’m not so sure.

    In fact, my review of the data suggests that those using the Omen to predict a crash are good candidates to win the Chicken Little award.

     

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