Thursday, September 2, 2010
Mutual fund outflows now reaches 17 consecutive weeks
$54 billion has been pulled out of the mutual funds so far this year and its accelerating. 4.3 B last week vs. 2.7B the week before. Equity fund liquidity ratios are at an all time low of 3.4%. Baby boomers are way to old to put on the risk that is in the market right now. Short interest is low too at 4.3% of SP market cap, so who's gonna be buying when the market falls?
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