Daily Global Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Friday, November 16, 2012

Nobody is Buying (except Me)

It has been my thesis for a past couple of years, that individual investors are largely out of stock market. That means not only investment / trading, but also pensions and IRA's. Why? Well its risky, they lose money in bear markets and treasuries are the place to be. Right...
I haven't seen any interest from anybody. Not a question. Not an investment idea. not an opinion. It wasn't always like this. People used to talk about mutual funds all the time. Now they are all out.

On treasuries I wrote this http://ibergamot.blogspot.com/2012/06/us-t-bond-bubble.html

On stocks - a great piece from Sober Look:
In spite of poor performance of a number of high profile IPOs this year, the demand for new issue equity in the US seems to be quite resilient. In fact the total IPO volume this year is the highest since the burst of the tech bubble.  Who is buying all these shares? Except for a couple of high profile cases, individual investors don't seem to be involved on a large scale. In fact on a net basis it certainly doesn't seem to be coming from mutual funds, as investors continue to pull record amounts.

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