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Direxion Daily Financial Bear 3X ETF Message Board

  • contrariantrader88 contrariantrader88 Oct 23, 2011 2:15 AM Flag

    Investors Move Money From U.S. Into Foreign Stocks

    Investors are still bearish on domestic shares, withdrawing more money from U.S. equity ETFs. TrimTabs estimates that retail investors took out $7.6 billion from U.S. equity mutual funds this month, although that pace has slowed. ETF investors are similarly downbeat on U.S. shares, redeeming $2.5 billion from U.S. equity ETFs this month.

    TrimTabs says the selling of U.S. equity funds "should cheer bullish market participants" because of the contrarian view.

    At the same time, the researchers also note that the leveraged ETF crowd, which is more short-term in nature, is betting on lower stock prices. The leveraged short U.S. equity ETFs pulled in 7.1% of assets last week while leveraged long funds shed 4% of assets. "Leveraged ETF flows are an excellent contrary indicator," TrimTabs analysts write.

    -- Written by Robert Holmes in Boston.

    >To contact the writer of this article, click here: Robert Holmes.

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    1 commentShow: Newest FirstOldest FirstHighest RatedMost Replied Post a comment 2 users liked this comment Vote for this comment Vote for this comment 0 users disliked this commentmanhattan guy Thu Oct 20, 2011 05:43 pm EDT Report Abuse soon if things continue it will be time to leave and follow the money/ obama must go not only failure a complete failure in everythingReply
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