Zeev's Ideas

[Koikaze]

ZEEV, MARKET/ECONOMY - up to ZEEV:343026, 01/09/05

01/09: (343020) (*COMMENT*)
Look at mutual fund flows for this time of year last year to current numbers. Does not bode well for equities. makes you wonder what supported prices at the end of the year. One would think that with the run we had for November and December that January flows would be much higher.

I would also question the high volume that we saw the last few months. It does appear that it came from mutual fund inflows. Program trading maybe??

http://www.geocities.com/dollarbear2k3/FUND_FLOWS_CHARTS/fund.flows2_24836_image004.gif
(*END*)

Joe, I am not sure about your conclusion, fund flow out of these funds at local lows, look last August for instance, or March 2003, on the other hand, last january as we were going down into the spring lows, they had huge inflows. Should not that be a contrarian indicator?