Economy

Demeter

(85,373 posts)

80. Last Week Americans Pulled The Most Money From Stock Market Since US Downgrade, Despite Market Surge

Wed Dec 14, 2011, 11:58 AM

Dec 2011

http://www.zerohedge.com/news/past-week-americans-pull-most-money-stock-market-farce-us-downgrade-despite-market-surge

As if we needed another confirmation that the sad joke of a market has now succeeded in driving virtually everyone out, courtesy of precisely the kind of bullshit we saw in the last 30 minutes of trading today (DEC 7), here comes ICI with the latest weekly fund flow data.

It will not surprise anyone that in the week in which the S&P rose by a whopping 8 points on absolutely nothing but more lies, rumors and innuendo, US retail investors pulled a whopping $6.7 billion from domestic equity funds: the most since the week after US downgrade, when a near record $23 billion was withdrawn.

Only unlike then when the market bombed, this time it simply kept rising, and rising, and rising. In other words, every ES point higher serves no other purpose than to provide an even more attractive point for the bulk of that now extinct class known as investors to call it a day, and pull their cash out of this unprecedented shitshow that central planning has converted the market into. And for those keeping score, a total of $123 billion has now been pulled from stocks in 2011, well over the $98 billion withdrawn in 2010.

There's nobody left: just the occasional robot.

SkyNet has won.

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STOCK MARKET WATCH, Wednesday, December 14, 2011 [View all] Pale Blue Dot Dec 2011 OP

Today's Reports Pale Blue Dot Dec 2011 #1

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IEA warns high oil prices threaten global economy xchrom Dec 2011 #23

To be followed shortly by yet another squeeze on speculators Demeter Dec 2011 #38

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Do you like the Stock Market Watch? Do you want to see it continue? Pale Blue Dot Dec 2011 #4

I nominate Demeter! rfranklin Dec 2011 #6

Flattery will get you nowhere Demeter Dec 2011 #34

What about a bribe? Hugin Dec 2011 #42

You Can't Afford Me Demeter Dec 2011 #71

Hugin is going to grab the reins temporarily. Fuddnik Dec 2011 #10

Finally! Hugin Dec 2011 #45

Ah, great. Ghost Dog Dec 2011 #98

Huge thank you to Hugin for carrying on! dixiegrrrrl Dec 2011 #81

The King is dead. Long live the...Oh sorry I got carried away... kickysnana Dec 2011 #84

I'm finding that with teh DU3 I'm having to have two DU tabs open. Hugin Dec 2011 #40

Thank you Hugin DemReadingDU Dec 2011 #115

Much appreciated Loge23 Dec 2011 #44

Many others, indeed, but of late Tansy_Gold Dec 2011 #58

The cartoon reminds me of my last $400 trip to Yankee Stadium... rfranklin Dec 2011 #5

Tip from my impoverished single mom days....... AnneD Dec 2011 #92

I used to sponsor little league teams.... rfranklin Dec 2011 #109

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"... a toxic culture ruled by fear and top-down intimidation..." Tansy_Gold Dec 2011 #27

It sounds like the Mafia, Organized Crime Demeter Dec 2011 #35

And I bet ... AnneD Dec 2011 #93

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Why No Financial Crisis Prosecutions? Ex-Justice Official Says It�s Just too Hard By Marian Wang Demeter Dec 2011 #9

too hard to do their jobs. xchrom Dec 2011 #12

They'll never know for sure until they try. Tansy_Gold Dec 2011 #30

Oh, they tried with Bear Sterns Demeter Dec 2011 #33

William Black. dixiegrrrrl Dec 2011 #86

that's it! thank you. xchrom Dec 2011 #87

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Hardly subtle Tansy_Gold Dec 2011 #41

And this was Time's International edition cover for Dec. 5 dixiegrrrrl Dec 2011 #91

Excellent point Loge23 Dec 2011 #43

Plus the not so subtle woman wearing a hajib lower in the scarf design of the main pic. dixiegrrrrl Dec 2011 #88

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