Monday, December 10, 2012

The Incredible Vanishing Equity Supply

From MacroFugue:

The incredible vanishing equity supply

Figure 1: Personal and mutual fund cumulative acquisition of corporate equities
In the jilted age of cynicism towards our institutions, the enormous success of capitalism over the past 60 years can be summed into the above chart.  It represents the cumulative effect of households systematically investing in equities, and then selling them at higher prices....MUCH MORE
HT: Abnormal Returns