S and P 500 as of 9/29/10 close is up 96 points or 9.2% month to date while the billions of withdrawals from the U.S. Stock Market continue. $16 Billion reported withdrawn from week ending 9/1/10 through 9/22/10.
The stock market is not manipulated, it is just irrational. After all, you have Jim Cramer, Dennis Kneale, Fast Money, CNBC and the SEC covering your back!
Washington, DC, September 29, 2010 - Total estimated inflows to long-term mutual funds were $5.75 billion for the week ended Wednesday, September 22, 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 $1.91 billion for the week, compared to estimated outflows of $3.02 billion in the previous week. Domestic equity funds had estimated outflows of $2.52 billion, while estimated inflows to foreign equity funds were $616 million.
Total Domestic Equity Flows/Week Ending
-$2.524 billion 9/22/10
-$3.599 billion 9/15/10
-$2.235 Billion 9/8/10
-$7.705 billion 9/1/10
-$7.519 Billion for the month of June 2010