Morning Post 01/06/11, SPX

OK, so things are not adding up. Should the Lemmings be running in or is it that all the Lemmings have leaped off the cliff? "Investors pulled an estimated $132 billion from mutual funds that invest in U.S. stocks, the fifth straight year of withdrawals for domestic funds, according to preliminary data from the Investment Company Institute, a Washington-based trade group whose numbers go back to 1984. Withdrawals reached $147 billion in 2008 when the Standard & Poor’s 500 Index fell 37 percent, including dividends." U.S. Stock Funds Have Second-Worst Year - Bloomberg

Who or what is left comprising the markets these days is quite the mystery. We know the MF Global clients are out, but their money is still in (somewhere - no one seems to be able to find a billion dollars of "lost" investor funds). We know that there are trillions of QE dollars still out there. I really have no clue who or what outside of the Central Planning cabal's tentacles is in or out of this market.