Zo te zien laat dat vervolg niet lang meer op zich wachten....
Smart Money Preparing For Sell Off Like Never Before
Zero Hedge readers already know that in the latest week the insider selling to buying ratio hit unprecedented levels. Obviously, corporate officers and insiders have decided to take advantage of the artificial wealth effect and bail, especially since it is still unclear whether capital gains taxes will be the same in the following year. However, it is not only insiders who see between the lines. As the following charts demonstrate, the smart money is now either bailing from the stock market in droves or hedging for a market crash like never before...
First, from Sentiment Trader, here is the put/call ratio. Self-explanatory:
http://www.zerohedge.com/(...)%20November%2028.jpgFrom the same source: the Committment of Trader report of commmercial (not speculative) NDX hedgers. Also self-explanatory.
http://www.zerohedge.com/(...)%20November%2028.jpgAnd lastly, tieing it all together: the cash at mutual funds. Or, more correctly, lack thereof.
http://www.zerohedge.com/(...)al%20Fund%20Cash.jpgThe simple observation: dumb domney continues to be at near record bullishness (IBD, AAII surveys), gold market timers are only 40% in, the smart money is short/hedged in size like never before, mutual funds have the lowest cash level on record, and have experienced 29 consecutive weekly outflows which have so far been compensated for broad NAV declines through artificial price increases: that will very soon end. We have heard through sources that following last week's HF insider trading probe redemptions requests at many of the implicated hedge funds* have gone through the roof. They will all have to sell some/many of their liquid holdings into the year end. Our only question: aside from the Primary Dealers, the HFT momentum traders who have no balance sheet, and the Federal Reserve: who is there to buy?
bron[ Bericht 4% gewijzigd door PietjePuk007 op 10-01-2011 14:11:28 ]
Escaping from a liquidity trap may be impossible, much like light trapped in a black hole.
Op zaterdag 19 november 2011 13:27 schreef Perrin het volgende: En net als van voetbal, heeft iedereen verstand van macro-economie