Hold Tight Folks the Wall of Money is Approaching Our Sector.
-Investors have pulled $30 billion from U.S. stock funds over the last 10 weeks, Bank of America Merrill Lynch says.
-The latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade, and internal positioning changes also indicate investors are becoming more defensive, the report says.
-The outflows occurred despite the S&P 500's nearly 1 percent gain this quarter and a record high on Aug. 8.
Compare the US Stock Market to the Crypto Currency Market.
Stock market $30 Billion down in 10 weeks. Crypto market $46 Billion up in the exact same time. This trend looks like it will continue. CNBC reports that the money is flowing into Asia and other markets but we know that some of it is coming our way as well.
Every wealthy person I know has contacted me about Crypto. I regularly receive private messages from uber wealthy people who want to put a chunk of their money in the Crypto Currency sector but they don't know how. I have helped so many people open and fund their first Bitcoin wallets.
The wealthy people were just the beginning. The real money is the millions of people with a smaller amount to invest and the funds that invest their capital. That money will be arriving soon. So for anyone out there that still thinks we are in a bubble, they have not seen anything yet. Sure Bitcoin might drop 20-30% for a few weeks or months but the sector will continue its long term upward trend.
