<p>My understanding is that compared to the outflows that have occurred, not that much has come back in from retail investors.</p>
<p>That’s the feeling that I get watching the tape.</p>
<p>In the past, a tepid Fed day was followed by a big rally. Presumably the Fed was telling their bankers to buy S&P futures. Maybe they waited another day for the good economic numbers to come out.</p>
<p>Money flows into stock mutual funds And etfs for a 4 week period are at 16 year highs.
Money is still pouring into the bond funds (not necessarily treasury bonds). Some commodities are seeing money flows, some aren’t.</p>
<p>[US</a> stocks surge to 5-year highs](<a href=“http://www.smh.com.au/business/markets/us-stocks-surge-to-5year-highs-20130202-2dqu7.html]US”>US stocks surge to 5-year highs)</p>
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<p>So many have been talking about this. At the same time, the train has left the station and those who wait will miss 5 ~ 10% up side. </p>
<p>I will take profile soon, but not until everyone is talking about catching the train.</p>
<p>Good article.</p>
<p>I’m not giving a time frame for when that near term correction will occur but it always happens.</p>
<p>[Stocks</a> Sink, Weighed Down by Economic Concerns (Update2) - TheStreet](<a href=“http://www.thestreet.com/story/11828265/1/stock-market-story-jan-31.html]Stocks”>http://www.thestreet.com/story/11828265/1/stock-market-story-jan-31.html)</p>
<p>“He said the market is now at levels where the AAII and other sentiment polls are showing nearly a 30% spread between bulls and bears. Historically, those have been times when indices have made at least minor price corrections.”</p>
<p>12.7 billion in inflows is great - however 287 billion had left from 2009 - 2012 and 55 billion in December alone. The typical retail investor is still not engaged.</p>
<p>somebody was saying that last year we went 40 days without even a 1% correction.</p>
<p>Most of the retail investors that lost several years ago are not coming back in a big way. People are getting older. They spent down some of their assets. The job market for those in their 50’s and 60’s isn’t really great. </p>
<p>The baby boomers have been buying stocks for 3 decades. They are too old now to play the market like they did even 5 years ago. </p>
<p>Our kids are going to be big buyers of stocks…</p>
<p>Baby boomers are still buying bonds even at these low rates. Baby boomers are starting to want predictable cash flows.</p>
<p>The market moves on the margin. Small changes in the demand-supply balance can move stocks. The retail investor does not have to come back for the market to go up as the last 5 years shows.</p>
<p>The fed is very important…</p>
<p>Well the point is that the retail investor (the stupid money as opposed to the sophisticated smart pro money like John Paulson etc - I always get a kick out of these types of comments from the market sh**heads) is not driving the market up so all that fear that it is time to get out is probably to some level overblown.</p>
<p>That is probably true. </p>
<p>New highs are bullish to me. I hate to say that because I am so underinvested in stocks. :)</p>
<p>The market @@@@heads are out of jobs if they can’t convince the public they are smarter.</p>
<p>I watched Rick Santelli today. The guy has been gloom and doom for 5 years. Everytime the market goes up or there is good economic news he runs to the bathroom and pukes.</p>
<p>The deficit has actually been dropping. Poor guy.</p>
<p>I do think the bull bear number will be a problem.</p>
<p>As I’ve watched him over the years, I think he’s become totally unhinged.</p>
<p>:)…</p>
<p><a href=“Dow’s Run to 14,000 Humbles the Worriers — For Now”>Dow’s Run to 14,000 Humbles the Worriers — For Now;
<p>How about the articles on Mark Faber that have come out yesterday and before calling for a huge market crash.</p>
<p>I missed those…how can Faber say what he says with a straight face?</p>
<p>Eventually he will be right.</p>
<p>Of course the people that listen to his advice might not listen as much.</p>
<p>I guess the market will crash again someday. I hope I am not too long at the time. :)</p>