Here\'s something to chew on. The Investment Company Institute data is something I\'m going to be paying more attention to, as I\'m looking for evidence of John Q Public moving money into equities (which could extend the bull market) or the lack thereof (which could...well, you know):
Now this is pretty interesting. At the same time that Goldman has gone short BRICS, mutual fund flows are going down in bonds, down in US equities, and up globally. Some of this might be international flight to quality funds being repatriated, but overall it seems a bit strange. I think somebody is going to get burned if this continues (\"when the FED sneezes, the world catches a cold\"), and I don\'t think it\'s going to be Goldman.