More on the Negativity Bubble

A buddy of mine told me that this month's Men's Journal magazine has an article titled "How You Can Make Money In This Market". The article talked about investing in hedge funds that focus on shorting stocks. I found this amusing. Now all we need is for Al Michaels to come back on CNBC and tell us how his shorts have been doing.

Also, the AMG Data Services report on fund flows for the week again showed withdrawals from equity funds and inflows into money markets. Including ETFs, domestic equity funds showed net ouflows of -$2.09 billion. In contrast, money market funds showed inflows of $17.4 billion.

The negativity out there is palpable. I don't know when it breaks, but at some point there is a good chance of a huge short-covering rally.
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