Individual investors have been getting out of US equity mutual funds for most of this year. And the pace of outflows has been soaring recently. Outflows for all of 2012 now stand at $100 billion. Half of that, $50 billion, came out during the last three months. Flight from the funds is not a new trend. In fact, about $134 billion flowed out of equity mutual funds in 2011. ÊWhat’s really puzzling is that despite these heavy outflows, stock prices have gone up. Read More
Dividend ETFs are very popular. After all in a world where money market funds earn nothing, a nice dividend yield sounds great. Dividend and mutual fund ETF portfolio managers are all over the financial media using interviews and ads touting dividend based investing. As a result a whopping $4.8 billion last year went into just three dividend ETFs, the Vanguard Dividend Appreciation ETF, VIG, the iShares High Dividend ETF, HDV, and the Wisdom Tree Total Dividend ETF, DTD. Read More
Many bullish Wall Street analysts seem to be expecting decent second half earnings and revenue growth for the stock market as whole and that is their justification for current stock prices. I say there is no way earnings per share and revenues will grow in aggregate over the second half of this year. I do not include financial stocks in this accounting. That’s because big bank stocks’ earnings per share are based upon the same myth that the current stock market valuation is based upon, and that is the Bernanke Put. The Bernanke put says the Fed will print enough money to buy existing loans, and then everyone lives happily ever after. Read More
The TrimTabs Money Blog is pleased to announce the launch of Biderman’s Market Picks, a weekly video newsletter by Charles Biderman. This newsletter is designed to help you maximize long term investment gains while minimizing short term risks.
Each weekly issue of Biderman’s Markets Picks has three parts. The first part covers what Charles is thinking about the stock market. The second part presents Charles’ views on the economy. The third part shows how Charles is investing a $100,000 model portfolio to try to profit from the information in the first two parts.
Staggering $356 Billion Pours into Checking and Savings Accounts in First Half of 2012
Sausalito, CA – August 9, 2012 – TrimTabs Investment Research said today that inflows into checking and savings accounts are far outpacing inflows into all other major investment vehicles.
“The Fed and other central banks are doing everything in their power to convince investors to play the speculative game in rigged stock markets,” said Charles Biderman, CEO of TrimTabs. “But investors aren’t taking the bait. The most popular destination for investor cash is the mattress.”