[转贴] 81B redemption YTD ... dumb or smart? You tell

not4weak

Although at $81billion in redemptions YTD, even an uptick eventually would be too little to late. The only marginal buyers continue to be the primary dealers (using POMO cash), desperate pension funds (getting led to the slaughter), and algos which churn stocks a few million times per day, end on a loss, but then collect liquidity rebates from the exchanges and are happy. Aside from these three, there is nobody else.Weekly flows:

Cumulative flows:

何鸿燊

7# not4weak


觉得这是为Bush LT capital gain tax rate改变做准备的套利行为。

not4weak

为什么这么整齐? 你不觉得有问题吗? 也许是BERNANKE看到了问题才出手的呢. BEN是想让人们回来, 可是大多的BABYBOOMERS再也不会回来了.

何鸿燊

5# not4weak


今年以来从股票基金里退出的这80B还在外面呢。

not4weak

4# 何鸿燊

该买的都买了, 这时候还买? 不是有些晚了

何鸿燊

觉得短期应该坚决买进.

MM在这里逼空这么久, 难道会轻易让空头得逞?

反之, MM会让那些等着摆地铺,或者提前下车的人买到便宜票上车?

buhuyou

inconclusive.

not4weak

The FED might end up holding everything.