Do you really think that it feels as euphoric as 2007? Kind of seems like never before have so few profited from New All Time Highs. In 2007 everyone had been sucked in; same as the dot.com. I just see too many people still saying how hard this market is (like PTJ). Still seems to be climbing the wall of worry. 6/25/14
Disregarding the cute little tags, that sharp drop off in net equity inflows is alarming. Enough so I searched for a "less entertaining" version, and found this: http://www.yardeni.com/pub/fofusequity.pdf
There's even a little something for Squirrel & Cuisses de Grenouille on figure 5!
Figure #3* indicates China is likely propping up our stock market because it sure isn't households, ETFs, and institutional investors.
* Note individual graphs are DEFINITELY not to scale with one another.
And if you look at figure #25 you'll see a sharp drop in investment from the previous quarter. Where is all the printed money going if not into equities or bonds? Not housing. Not education. Not anything I can think of off hand.
phantom_capital
