The Week Ahead: A Year End View of Today's Market |
|
September 13, 2015 |
September 2015 Bond Updates
|
The narrowing ranges in the stock market over the past two weeks and the fact that it did not collapse last week appears to have soothed some investors. Surprisingly the rough market action over the past month has apparently has not caused investors to panic. Morningstar reported last week that outflows from US stock mutual funds and ETFs in August was only $4.9 billion as compared in $9.6 billion in July.
This relatively low level of outflows (it was $25.9 billion in April) and 2.3% uptick in bullishness by individual investors in the past AAII survey is not what one would typically see if the market was close to an important low. According to AAII the bullish and bearish percentages as of Thursday's survey are about equal at 34.6% and 35% respectively.
These readings can be interpreted as a sign that the individual investors are becoming more astute or it is a sign of complacency that will lead to a further market decline. How will the current market action be viewed at the end of 2015?
|
|
View more at: http://www.forbes.com/sites/tomaspray/2015/09/12/the-week-ahead-a-year-end-view-of-todays-market/
|