NEW YORK (
) -- Are stocks underowned?
Ron Insana said on
's "Fast Money" TV show on Thursday that money has been having moving out of equities for some time even as the
has been telling investors to be in risk assets.
Since 2007, $330 billion have flowed out of stock funds, while $114 billion has moved into bond funds and $475 billion have poured into money market funds.
Insana said that retail investors have simply got it wrong in a market that has moved up 80% since March 2009.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Tim Seymour said the flows will return to stocks with attractive valuations and dividend yields being the driving forces.
Joe Terranova said there needs to be a reallocation of capital from the fixed income funds to equity mutual funds. He said that allocation is needed to drive the market higher.
Melissa Lee, the moderator of the show, pointed out that
(AAPL - Get Report)
is underowned despite its stellar growth and huge market cap.
Options trader Mike Khouw said it's difficult for investors to chase Apple because of the difficulties of estimating what it can achieve as a growth company.
Lee brought in Carter Worth, a chartologist with Oppenheimer Asset Management, to talk about today's down market action. He said the market is likely to go sideways and lower in the near term.
He attributed the pullback to unhappy shareholders who are taking their money back after seeing the market return to the highs it established last May. He also said it may be due to investors deciding to pocket gains from the recent rise in the market.
Moving to specific stocks, Worth said he would be a buyer of
(GOOG - Get Report)
as he sees it rebounding after finding support. But he said
Kinder Morgan Energy Partners
has risen to unsustainable levels and is under selling pressures.
Lee moved to
(SBUX - Get Report)
, which moved lower after posting a good quarter but a "problematic" guidance.