Investors have been trying to find places to hide.
People have no confidence.
If the Dow takes a dive of 30%, guess what? Your equity ETF is likely going to take a dive, too.
It's mom and pop investors saying they were concerned the bond funds could go into default and they'd lose their money.
Outflows for both equities and bonds were influenced by two significant liquidations during the week.
So it wasn't like investors totally ignored the rising rates this week.
Investors had been down on gold for such a long period of time.
They were getting out of the way of the Fed, people are focused on the Third Avenue fund taking it on the chin.
We saw some very large redemptions, in fact, we set some records.
They're saying, we feel comfortable saying there might be a Santa Claus rally here.
Investors think we're at the bottoms of this energy downfall.
Investors are feeling pretty good that the dialing up of interest rates is not on speed-dial.
The flight to safety was a bit mixed.
The theme is Brexit, and people are concerned.
Retail investors threw the baby out with the bath water, people are getting out of the way of a rate hike.
