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Mascoutah, Illinois | John, another thing that drives markets is the ever growing number of ETF'S. The managers have to buy when folks are pouring money into a fund and they have to sell when people want out. Commodities seem to be the place to get the most bang for your buck and folks keep piling in. I don't have the numbers in front of me but the amount of money that was put into gold funds last week was astronomical compared to other funds. It used to be very few people were involved in markets. Now everyone can trade almost everyday of the week, 24 hours a day. How times have changed. One thing which is making me extremely cautious in the stock market is the "defensive stocks" (healthcare, pharma, and consumer staples) have become the leaders the past week or so. Volume is drying up in a big way. The correction is coming. How severe will the correction be is the "million dollar question?" | |
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market winners and loosers moving in tandem
