Steppenwolf speaks on behalf of the retail investor
Last night I held Aladdin's lamp
And so I wished that I could stay
Before the thing could answer me
Well, someone came and took the lamp away
I looked around, a lousy candle's all I found
Washington, DC, October 13, 2010 - Total estimated inflows to long-term mutual funds were $4.23 billion for the week ended Wednesday, October 6, 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 $4.31 billion for the week, compared to estimated outflows of $3.05 billion in the previous week. Domestic equity funds had estimated outflows of $5.57 billion, while estimated inflows to foreign equity funds were $1.26 billion.
Total Domestic Equity Flows/Week Ending
-$5.569 billion 10/6/10
-$4.175 billion 9/29/10 revised from-$4.150 billion
-$2.568 billion 9/22/10 revised from -$2.524 billion
-$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Since April 30th, 2010, $79.770 BILLION has been withdrawn from Domestic Equity Funds (This is the 23rd sequential weekly outflow from US stocks). Charts from Zero Hedge.