Since May 5th, 2010, $38.990 BILLION has been withdrawn from Domestic Equity Funds.

Washington, DC, July 21, 2010 - Total estimated inflows to long-term mutual funds were $2.96 billion for the week ended Wednesday, July 14, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

Equity funds had estimated outflows of $3.27 billion for the week, compared to estimated outflows of $4.29 billion in the previous week. Domestic equity funds had estimated outflows of $3.16 billion, while estimated outflows from foreign equity funds were $113 million.

Total Domestic Equity Flows/Week Ending
-$3.157 Billion 7/14/10
-$4.115 Billion 7/7/10 (huge outflow and the Standard and Poor's 500 up 55 points during the very same week)

-$227 Million 6/30/10
-$1.248 Billion 6/23/10
-$1.824 Billion 6/16/10
-$3.660 Billion 6/9/10
-$1.117 Billion 6/2/10
-$13.442 Billion 5/26/10
-$745 Million 5/19/10
-$7.018 Billion 5/12/10
-$2.437 Billion 5/5/10

Since May 5th, 2010, $38.990 BILLION has been withdrawn from Domestic Equity Funds.

The U.S. Equity market is clearly broken. Retail investors yanking billions of dollars from equity funds albeit the robots continue to push the market higher (Dow up 220 points at the time of this post). Mark grandpa's words, this will all end very badly....

Do yourself, your children and grandchildren a favor....turn off CNBC and spend several hours a week reading and researching information so you are better prepared to manage YOUR MONEY. Wall Street remains a financial furnace and it is fueled by your hard earned money. Do you really want to risk entrusting your childrens' future to the likes of Mad Money's Jim Cramer and the Fast Money traders. THEY ARE TRADERS and get to spew whatever they want and they  ALWAYS stand to benefit more than you!