The current circumstances in the U.S. stock market remind me of one of my favorite bands from college, Supertramp, and its song, Nothing But a Dreamer. It appears that individual investors and many of the financial advisers who take care of them have their "head in their hands, oh no!" This was pointed out to us in one of Mark Hulbert's columns in The New York Times on Nov. 8, and in a piece on Nov. 12 by Hays Advisory's Mark Dodson.
In his missive, Dodson calls stocks "Public Enemy No. 1." His charts show that we had fund flows in October (bond flows compared to stock flows) similar to the bear market lows of 2002-2003. Combined with the continued steepness of the yield curve, his research shows that any little pullback in the stock market sends many investors scurrying for the exits because "now they've got their head in their hands, oh no!" Loading Comments... < Previous 1 2 Next >SHARE:
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Dow Jones S&P 500 NASDAQ 10-Year Note 10,332.44 1,094.90 2,156.82 33.49 Oil * 77.84 DOWN 93.87 DOWN 14.90 DOWN 36.32 DOWN 0.17 10 Yr 3.35% SPDR Gold 112.31 -0.90% -1.34% -1.66% -0.51% Data delayed 20 minutes More From TheStreet Latest Headlines Top-rated Mutual Funds from TheStreet Ratings Jim Cramer Book Tour Top-rated ETFs from TheStreet Ratings Find returns with the Dividend Calendar Top Rated Stocks from TheStreet Ratings Twitter RSS Facebook YouTube adsonar_placementId=1341369;adsonar_pid=879768;adsonar_ps=-1;adsonar_zw=320;adsonar_zh=280;adsonar_jv='ads.adsonar.com'; Brokerage Partners YAHOO.util.Event.on(window,"load",function(){ setTimeout(function(){ TSCM.util.attachScript('scr_intellitxt','http://thestreet.us.intellitxt.com/intellitxt/front.asp?ipid=10685'); },1200); }); Sponsored Links Get your credit score in 2 easy steps for free. 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