[quote=Chris Scoreboard Johnston]It will be interesting to see what happens if we hit a 20 day low in the indexes. Alot of funds sell at that level, and if enough volume comes in on the sell side, the PPT cannot stop it ala last year[/quote]
Chris,
You must be referring to hedge funds, etc?
The mutual fund flows for the year are about $10B stocks, $236B bonds during the massive stock rally this year. So Joe Public is probably not scared of stocks anymore since they have much higher bond % now. So maybe that’s why stocks rallied so much because Joe Public is always wrong at market tops/bottoms. When fund flows are all stocks, then it will be time to get scared.
