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Two Ways To Play: Investor Burnout

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Strengthen your portfolio in good times and bad.

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Stock Market Fatigue

Stock investors are losing faith. According to the Wall Street Journal, individuals and institutions are withdrawing funds at a heavy pace. A record $72 billion was pulled from stock funds in October alone. Many are shunning equities and resorting to the safety of bonds and certificates of deposits. And if history is any guide, investors won't rush back.

After the dot-com bubble, from 2002 to 2005, investors put an average of $62 billion a year into mutual funds - about half the annual level seen in the 90s.

For more on the markets, see Professor Smita Sadana's The Rally We've Been Waiting For?

From the Bull Pen: If one believes a "Santa Clause" rally is at hand, the Ultra S&P 500 ETF (SSO) may be a vehicle worth considering. Sell stops can be set in the $23-$24 range, depending on one's risk profile.

From the Bear Cave: Bears can consider AT&T (T). Watch its behavior near $30 resistance before attempting a downside play.


Quick Check Around the World

Asian trading closed with the Hang Seng -3.34%, Nikkei 1.57%, Sensex -1.70%, Taiwan -3.39% and Shanghai -1.52%.

Glancing towards Europe, we see the CAC -0.97%, DAX -0.69%, FTSE -1.20%

As of 8:00 a.m. EST, S&P futures are trading +6 to 887, and Nasdaq futures are +6 to 1217.

A Look At Commodities

Crude oil is trading +0.31 to 42.660 Gold is +8.30 to 8845.70. Silver is +0.135 to 10.985, and copper is +2.450 to 135.10.

The dollar index is -0.384 to 80.920.

No events on the radar today. Good luck!

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Position in SSO

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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