This is part of the equation

http://www.zerohedge.com/article/21st-weekly-outflow-confirms-investors-refuse-be-suckered-market


21 WEEKS! Investors are apparently a little smarter then the Fed realized. This would tend to explain why the pros have seemingly put on the short position that 3C has been showing. At some point money down the drain is going to find a more useful spot. Like I said in my 2007 5-part video series on "Bubbles" -"It's like food poisoning and you'll do anything not to get throw-up because who likes that? But until that poison is out of your system, you aren't going to feel better". The same applies for this market. I've been expecting the second shoe to drop for awhile, I thought it would be worse then the first, now I'm sure it will be and we'll all probably have to figure out, and fast, how to trade a secular bear market. Investors know that we can't be at higher level then a year ago when the data was optimistic. We have sliding GDP headed straight for a double dip, you can't ignore that with a good housing report here and there. I've never seen market averages behave so erratically, penny stocks yes, averages, no.

If the government ever wants the institution of capital markets to return, to see insiders willing to invest in their own companies, there's going to have to be a purge. The pension funds screwed up, no hyping the market is going to give them the 8% a year they have figured in to make up for their underwater funds.

Investors are getting out while the getting is still good. So who's going to be holding that position when the damn breaks, it doesn't look like institutional money?

I do believe in karma, the law of the harvest, you get what you give, sometimes it just takes awhile before it's realized. What they have done with this market in any other circumstance would be outright criminal.

Maybe this time next year traders will be trading foreign exchanges where outright corruption isn't called "policy".

On that note, unless something changes, I'll stay largely short because it seems to me that the writing is on the wall and the fall could make 1929 look like a pullback. I don't think "Bubbles Bernanke" has enough fingers and toes to plug the leaks in the damn.