With the S&P 500 ending EXACTLY the same as the year before -1257.6 - it signified the boring end to 2011; many of the Indicators regressed to the mean on low Volume, with the VIX at 23. Some relative extremes did include the Inv.Intell. Bulls at 50+%; my records show a 62.9% high in Dec. of '04. AAII Bulls jumped to 40% - must be the champagne! A small number of funds flowed out of equity funds into MMFs, but the ETFs remained almost unchanged month/month.
Here are closing numbers for 2011:
| Date> |
| 12/30/2011 | 12/23/2011 |
| Indices: | DJIA | 12217 | 12294 |
| | NAZ | 2605 | 2618 |
| SPX | 1257 | 1265 |
| NASD/NYSE | WklyVolume (Bshs) | 2.2/4.6 | 3.8/7.7 |
| nasd/nyse | Specul.Ratio hi=bullish | 2.10 | 2.03 |
| Sentiment: | put/call-CBOE | 67 | 63 |
| Barron's | VIX>50-alltmlow=8.8 | 23.4 | 20.7 |
| Advance/Dec-NYSE | 1218/1896 | 2577/587 |
| Weekly Net: | -678 | 1990 |
| Cumulative: | 125267 | 125945 |
| Weekly | NYSE hi/low | 295/72 | 293/146 |
| New Hi's/Low's | Nasdaq h/l | 92/161 | 111/257 |
| McClellan | Oscillator | 24 | 48 |
| McClellan Sum | .+750/-1000 | 240 | 134 |
| Newsletter | Inv.Intel -Bull:tues | 50.5 | 48.4 |
| Surveys | Bear:-5yrs | 29.5 | 30.5 |
| AAII -Bull :wed. | 40.6 | 33.7 |
| Bear | 30.8 | 28.2 |
| COT:Change w/w | large/small (net)k | 7/7. | 0/12. |
| CEOinsider | selling | 18:1 | 10:1 |
| BalticDryIndex | GlobalEcon | 1888 | 1888 |
| 3-box rev | Bullish%- | 63buy | 61 |
| US equity -ICI | Fund Flows | 1 wk lag | 1 wk lag |
| MMF flows | Change in $B | 2.6B | 14.2B |
| MargDebt- top (300M) | monthly OCT. | 269B |
|
| ETF:Eqty/Int'l/Bond | million$$ OCT. | 615/262/178 |
|
| 2-yr Tsy Yield: Inflation | 0.25% | 0.29% |
| Euro futures | 1 yr.offset-CommHedg | 5.04M | 5.06M |
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YEAR END WHIMPER:
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