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Equity Fund Inflows Hit Dotcom-Era Levels

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  • Description

    FBN's Liz MacDonald weighs in on equity fund inflows.

  • Duration 2:15
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-- Stock mutual fund inflows are -- dot com -- all levels.

We January seeing the biggest and flows since April of 2000.

Those of the day's lows MacDonald hasn't in the bottom line -- today is quite that the bears have left the building but it sure feels like that when you look at the Lipper data and the Lipper is also showing.

Not just for the month -- Jenner love for equity funds but all live with ETFs.

Equity funds you gonna see levels not seen since 1996.

Well before.

When that fed reserve chief Alan Greenspan made that crack about irrational exuberance and so this is a talk of Wall Street right now we're seeing equity and ETF inflows.

That -- surpassing entire 2012 inflows combined for all quarters.

And what we're seeing is eighteen they gonna sit there 51 point seven billion bucks flowing incident all kinds of funds.

For the month of January -- eighteen global markets worldwide are above their twenty month moving average.

The last time we saw that was in 2009 and stocks charged ahead for a number of months and 22010.

And also an 03 we saw that happen when that eighteen global markets are above the twenty.

Month moving average that's when you saw the bull market less about four years but here's a deal the 2007.

Top that we saw the forward PE back then fifteen times earnings now stocks are still cheap for the S&P forward 500 Ford and there at thirteen point four so please -- fourteen point seven.

That's an SMP at 1610000.

If we see forward PE of fifteen ethnicity of 17100.

So that's the name of the game -- hit -- 1665.

Market -- by mid year -- year end.

The only thing is that these and these retail fund flows usually pick up at the very end of Iran.

Like April into -- of 2000 and we've had this at the strongest month since then that was right after the peak yet that -- was hello.

Bottom yet at -- point we did see that but again the bears have.

I still in the building they -- so much left the building here what you're saying.

Then the question is of what will bring this -- most to reverse the flows.

Of course the -- pumping -- to the market bubble from the Federal Reserve that's the talk of Wall Street debt job more throughout the day for me back thank you -- sure thank you live.

The Federal Trade Commission.

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