Well this past week provided a reversal back to the downside in domestic stocks. Domestic Stocks saw a negative flow of -$4.229 billion dollars, while $2.416 billion dollars continued to flow into foreign stocks. So much for a possible reversal to the upside in domestic stocks, I guess the FED will have to continue to prop up the domestic stock market. Taxable bonds had a 2nd week of inflows, this past week of $2.693 billion dollars (after 3 weeks of selling). Municipals continue their mass exodus with -$2.146 billion dollars flowing out. The entire 2nd half of 2010's inflows and quite a bit of the 1st half of 2010 has been wiped out completely. People are getting wise to the problems we face with Municipalities this year.
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