Johnny come late: After $SPX is up 200% since 2009, it's only now that investors are pouring into #ETF's

Here's an interesting chart: Investors' inflow into ETF's.

 

Attachment 1

 

The crowd is pouring into exchange-traded

funds these days, clearly placing bets that

the market isn't getting too toppy to deliver

more profits. Nearly three months into this

year, fund flows have surpassed money

invested in the past few years by a large

margin (attachment 1).

 

The question is: Where have investors been

since 2009. Since March 2009, the S&P 500

Index gained over 200% (attachment 2).

 

Attachment 2