47 billion dollars hits ETFs in third quarter, inflows to 'explode' in fourth quarter: Colas - The Tell - MarketWatch

47 billion dollars hits ETFs in third quarter, inflows to 'explode' in fourth quarter: Colas - The Tell - MarketWatch

Nicholas Colas at ConvergEx plays off of Mitt Romney’s current PR troubles to point out that fund flows into ETFs have hit $47 billion for the third quarter, and goes on to predict that “ETF assets will explode” in the fourth quarter.
The $47 billion to hit in the third quarter so far is an acceleration from the first half of the year, when ETFs took in an average of $37.5 billion a quarter. Seventy-five percent of the third quarter money has gone into equity ETFs, and nearly half of that, $22.9 billion, into U.S. equities, Colas notes.
That’s not enough to offset the $40.3 billion that’s flowed out of traditional mutual funds,  he acknowledges.

I am sure many of you have seen the Housing Starts @ 750,000, Housing bores me to no end, people throughout all walks of life are pretty much flat broke at this time, yet you want me to believe folks are lining up again with Cash in hand to buy up housing like it was 1996. I seriously have my doubts, but in the interim if cash is just sitting there and getting more worthless by the day I can understand those with greater amounts of cash will move it into an asset of their choice, so there are pockets, but it is sporadic. The MSM and the propagandists are painting a picture of solvency in the housing market, this has a long way to go as many are still sitting in underwater homes at this time.