"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Wednesday, October 6, 2010

22nd Consecutive Week of Billions of Dollars Sucked Out of the U.S. Equity Market (or whatever the "market" is now called)

$20 Billion Sucked from the
U.S. Equity Market in September
and the S and p 500 Launches 8.75%

Washington, DC, October 6, 2010 - Total estimated inflows to long-term mutual funds were $3.26 billion for the week ended Wednesday, September 29, 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 $3.02 billion for the week, compared to estimated outflows of $1.91 billion in the previous week. Domestic equity funds had estimated outflows of $4.15 billion, while estimated inflows to foreign equity funds were $1.13 billion.

Total Domestic Equity Flows/Week Ending
-$4.150 billion 9/29/10
-$2.524 billion 9/22/10
-$3.599 billion 9/15/10
-$2.235 Billion 9/8/10
-$7.705 billion 9/1/10
-$15.598 Billion for the month of August 2010
-$11.142 Billion for the month of July 2010
-$7.519 Billion for the month of June 2010
-$19.066 Billion for the month of May 2010

Since April 30th, 2010, $73.538 BILLION has been withdrawn from Domestic Equity Funds (This is the 21st sequential weekly outflow from US stocks).

No comments:

Post a Comment