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Friday, April 24, 2015 4:02:04 PM
There is a growing disconnect in the stock market right now
* April 24, 2015
There's a huge disconnect in the US stock market right now.
A new Bank of America Merrill Lynch survey published Friday finds that U.S. investors have pulled $79B out of equities year to date — including net outflows in 9 of the past 10 weeks — despite stock prices continuing to break new record highs.
On Thursday, the Nasdaq closed at its highest since March 2000.
And on Friday, the S&P 500 traded at another intraday high above 2120, crossing the record for a second straight day.
As this imbalance grows, Bank of America writes that the risk of something we haven't seen in the market in years will continue to grow: a correction.
http://www.businessinsider.com/markets-chart-of-the-day-april-24-2015-4
George.
* April 24, 2015
There's a huge disconnect in the US stock market right now.
A new Bank of America Merrill Lynch survey published Friday finds that U.S. investors have pulled $79B out of equities year to date — including net outflows in 9 of the past 10 weeks — despite stock prices continuing to break new record highs.
On Thursday, the Nasdaq closed at its highest since March 2000.
And on Friday, the S&P 500 traded at another intraday high above 2120, crossing the record for a second straight day.
As this imbalance grows, Bank of America writes that the risk of something we haven't seen in the market in years will continue to grow: a correction.
http://www.businessinsider.com/markets-chart-of-the-day-april-24-2015-4
George.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
gtsourdinis
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