In the week ended Wednesday, stock funds had net cash inflows of $1.7 billion, according to AMG Data Services. Money-market funds pulled in $7 billion. Taxable bond funds had net outflows of $411 million, but municipal-bond funds gained $42 million. Results include exchange-traded funds.
Note: We’ve looked at Fund Flow several times over the past few years: Earlier this year on January 26 (A Promising Start, But . . .) and in the beginning of 2004: February 23 (Structural Decay) and February 26 (Reluctant Buyers on Strike at Nasdaq).
Note that at bubble peaks, fund flow gets excessive.
Cash Keeps Rolling In
Barrons, MONDAY, MARCH 28, 2005
This chart has been used primarily as an excuse for bad investment advice: Source: Marketwatch Why an excuse? It builds in an out for the advice giver: See, you just have to hold onto stocks long enough . . . then you will outperform other asset classes. Now all we need to do is figure…Read More
As long as we are talking magazine covers this morn, I am still waiting for someone (anyone) to find this (previously mentioned here) August 13, 1979 Business Week magazine for me: click for larger graphic Many thanks to Paul for the photo (Does this mean you have one?) http://www.flickr.com/photos/pkedrosky/7265064/
Here’s a (belated) recognition of a contrarian signal: The Magazine Cover indicator "The Incredible Shrinking Dollar" Source: Newsweek I’ve been meaning to post this for a week, ever since Aaron Task mentioned it in Columnist Conversation — but I never got to it. BTW, is it just me, or does this paragraph (from the cover…Read More
I got my first iPod (a Press loaner from Apple) the first week they came out. It was a transcendant experience, and I pounded the table to nearly everyone I knew that this was a huge winner. It made Apple stock, trading then at a pre-split price of $18, with $13 in cash, absurdly cheap….Read More