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People who have investment plans like IRA's and Pension plans etc. Automatically deposit money in those plans on the first trading day of the month. In return the Money managers of those funds have to put that money to work creating a Bullish bias.
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"Hello MasterBJones, following the plan and making money on swings. Thank you so much for your guidance and Knowledge. I’ve learned so much from in the past month. Anyway, what do you mean by “new money”?"