http://www.zerohedge...nd-whos-selling
As Faber would put it : "individual investors have excessively optimistic expectations about their future returns."
And BofAML sums it all up... "institutional clients sold the most since January and the 4th most on record in the last week as retail clients continued their buying streak."
Who woulda thunk it ?
Institutional clients are dumping equities off to retail clients... classic sign of a topping market.
