Nasdaq: these days

When big investors head for the exits, the party's over for the smaller ones. One way to spot that trend is to pay close attention to distribution days--days when the market is down more than 0.2% on higher volume than the previous session.

We know things could be bad, if big guys will get out of stocks. If we look to the two figures, we don't see any similar pattern. Nevertheless, Nasdaq Composite is in a stagnation situation since November 2006, without decreasing volume. Is the emerging markets volume explaining everything?

Are US markets in a dead-end?

If we look to the last 5 years pattern, we prefer the Dow picture, than the Nasdaq.

Simple arithmetic’s:

• Nasdaq: +100% return, from 2002.
• Dow: +50% return, from 2002.

The bulls are definitely in the traditional stocks, and the dogs are biting the tech sector. And this thought is much clearer if you compare the tech stocks return with some emerging markets return, like Russia stocks, China stocks and India stocks, for the last 3 to 5 years.

Are US investors putting their money outside US?