Trim Tabs estimates that investors pulled $33 billion out of the market in February. The
Investment Company Institute estimates that investors sold $7.1 billion in stocks during the four week period ending February 16. Amazingly, ICI estimated that investors bought $9 billion more than they bought in January. Nothing like buy high, sell low.
Vanguard reported on Monday that call volume was up considerably and their was movement out of stocks and into money funds. Ditto T. Rowe Price.
It appears that both corporate and institutions are selling.
Selling climax coming soon, most likely.
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Bob DeMarco is a citizen journalist, blogger, and Caregiver. In addition to being an experienced writer he taught at the University of Georgia , was an Asociate Director and Limited Partner at Bear Stearns, was CEO of IP Group, and is a mentor. Bob currently resides in Delray Beach, FL where he cares for his mother, Dorothy, who suffers from Alzheimer's disease. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. His content has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, BlogCritics, and a growing list of newspaper websites (15). Bob is actively seeking syndication and writing assignments. |
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