LONDON (Reuters) – Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America’s weekly flows data.Stock markets have staged a remarkable recovery in the past month after the coronavirus crisis cause a massive tumble in March. The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”.Tchnology stocks saw the first week of outflows so far this year, with investors redeeming $43 million worth, BofA said its weekly research note. Gold and high-yield bond funds both saw their biggest six-week inflows on record, with $32 billion flowing into high-yielding bonds in what analysts called a “high-yield comeback”. Investors added $11.3 billion into bonds and $53.5 billion into cash in the past week, BofA said, with an internal indicator of sentiment at “extreme bearish”.As lockdown measures aiming to limit the spread of the new coronavirus have brought the global economy to a halt, BofA analysts said that they had seen a massive inflow to cash from BofA private clients in the past four to eight weeks. The U.S. bank also said that nine of ten clients believed the current market recover was a “bear market rally” and seven out of ten said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes. Stock markets have staged a remarkable recovery in the past month after the coronavirus crisis cause a massive tumble in March. The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”. As lockdown measures aiming to limit the spread of the new coronavirus have brought the global economy to a halt, BofA analysts said that they had seen a massive inflow to cash from BofA private clients in the past four to eight weeks. The U.S. bank also said that nine of ten clients believed the current market recover was a “bear market rally” and seven out of ten said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes. Nation to work. Nick Note: Einsteins theory of reactivity needed a constant for the equation to work. He chose the speed of light.. THAT IS WHY ITS CALLED THEORY. We now know the spEed of light is not a constant. I ran the numbers when i was 10 years old and spoOted the flaw. I was laughed out of the classroom… As usual i was right and the professor assholes were wrong. but their is good news.. I DISCOVERED A BETTER CONSTANT TO USE. Its called the Nick’s theory of stupidness. Investors (i use the term loosely) sold out of stocks in the biggest rally ever and in a market that will soon be at new highs. And to prove my theory of stupidness they bough gold in the biggest DEFLATION ever. And to prove prove absolutely my theory of stupidness they bought bonds in front of the biggest bond sales ever. Now for my theory of investors stupidness i had to find a constant. Here it is: The masses always sell on the bottom (tech stocks this time) AND buy at the top (gold and bonds) i n their latest money losing venture. Full disclosure: i am a fuck up. I was to clumsy to get the waiter job with Romeo. No one would hire me. Even my uncle Joe told me he would have to take a “look” at me for a job… he never called back.. thank GOD. SO i had to take the billion dollar hedge fund manager thing. I think Nick’s theory of stupidness will become Nick’s law of stupidness… Which as we know is gods favorite color.