On Thursday, the Nasdaq closed at its highest since March 2000.
On Friday, the S&P 500 Index traded at its intraday high (above 2120).
So, all is good ... right? We should 'party like it's 1999'.
Some traders are noticing the disconnect between price and money flow in the US stock market.
via Business Insider.
A Bank of America/Merrill Lynch survey points out that US investors pulled $79B out of equities, year to date — including net outflows in 9 of the past 10 weeks — despite stock prices continuing to break new record highs.
As this imbalance grows, are we in danger of a correction?
What do you think?