PUBLIC WORRIED: A Staggering $100 Billion Has Flowed Out Of Stocks So Far This Year
KingWorldNews.com
May 23, 2016
With continued uncertainty in global markets, two of the greats weighed in with their thoughts on what to expect next as nearly $100 billion has flowed out of the U.S. stock market so far this year.
From Art Cashin: On The Mortality Of Bull Markets – One of the key commentaries going around Wall Street these days begins with “Bulls markets don’t die of old age….” That is then followed by the speaker’s choice of bull market mortality, e.g. euphoria, etc.
I wonder if bull markets might die of some other cause, like perhaps starvation. My friend and fellow trading veteran, Jim Brown over at Option Investors cites Bank of America in noting that “year to date equity outflows were approaching $100 billion“. Such outflows had been more than offset by corporate buybacks. Those have now slowed dramatically. Outflows should be watched carefully.
The Rest…HERE