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Stock market "exodus" as the reporter calls it. Market exit of $44billion in 5 weeks
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<p>[QUOTE="Brett_in_Sacto, post: 2420096, member: 71510"]Investors moving into bonds and metals recently. It appears that "sell in May and go away" is starting to come to fruition.</p><p><br /></p><p>Ending of a bull market? Shoring up investments for the presidential election & policies that will follow? Seasonal protectionist strategies? All of the above?</p><p><br /></p><p>My question is - they account for 3.5bil to bonds, 1bil to metals, 11bil into money market. Where's the other 30 billion going?</p><p><br /></p><p>I feel like Nostradamus today. We'll see if I was also a fraud soon as well. (Or maybe just a bit educated and mostly lucky) <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><a href="http://finance.yahoo.com/news/baml-equity-fund-flows-exodus-142921175.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.yahoo.com/news/baml-equity-fund-flows-exodus-142921175.html" rel="nofollow">http://finance.yahoo.com/news/baml-equity-fund-flows-exodus-142921175.html</a></p><p><br /></p><p>The cumulative outflow from equity funds over the past five weeks was $44 billion. BAML's Michael Hartnett, who characterized this as an "equity exodus," noted that this was the largest redemption over a 5-week period since August 2011.</p><p>So where is that money going?</p><p><br /></p><p>In the past week, $3.5 billion went into bond funds and $1.0 billion went into precious metals funds, which offer exposure to gold. There was also $10.9 billion poured into money market funds, the largest inflow in 13 weeks.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2420096, member: 71510"]Investors moving into bonds and metals recently. It appears that "sell in May and go away" is starting to come to fruition. Ending of a bull market? Shoring up investments for the presidential election & policies that will follow? Seasonal protectionist strategies? All of the above? My question is - they account for 3.5bil to bonds, 1bil to metals, 11bil into money market. Where's the other 30 billion going? I feel like Nostradamus today. We'll see if I was also a fraud soon as well. (Or maybe just a bit educated and mostly lucky) :) [url]http://finance.yahoo.com/news/baml-equity-fund-flows-exodus-142921175.html[/url] The cumulative outflow from equity funds over the past five weeks was $44 billion. BAML's Michael Hartnett, who characterized this as an "equity exodus," noted that this was the largest redemption over a 5-week period since August 2011. So where is that money going? In the past week, $3.5 billion went into bond funds and $1.0 billion went into precious metals funds, which offer exposure to gold. There was also $10.9 billion poured into money market funds, the largest inflow in 13 weeks.[/QUOTE]
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