A massive amount of money came out of bonds last week. Usually when that happens, the money goes into stocks. Instead, the money that came out of bonds last week went into cash.

Institutional traders are going out over the mainstream media and they are saying that the market is going to go up big again in 2014. Secretly, they are much more bearish than they are leading on.

My guess is that institutional traders were bothered by Janet Yellen's slip last week at the FOMC meeting where she accidentally let out that the Fed would be raising interest rates about 6 months after tapering stops. Rising interest rates makes borrowing more expensive and institutional traders appear to be very concerned about that scenario playing out as it would likely mark the end of the 5+ year bull market rally on Wall Street.