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Wednesday, January 12, 2011

$4.2 billion withdrawn from U.S. Equity Funds 1st week of 2011

Since the end of April 2010, over $93 billion has been withdrawn from U.S. Equity funds. During this time frame, ONE week was a net inflow. The U.S. stock market has been and continues to be a complete farce. The charts below say it all, AS MORE MONEY IS WITHDRAWN FROM THE MARKET, THE HIGHER THE MARKET MOVES.

Washington, DC, January 12, 2011 - Total estimated outflows from long-term mutual funds were $717 million for the week ended Wednesday, January 5, 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 $1.81 billion for the week, compared to estimated inflows of $2.74 billion in the previous week. Domestic equity funds had estimated outflows of $4.23 billion, while estimated inflows to foreign equity funds were $2.42 billion. Complete report

Total Domestic Equity Flows/Week Ending
-$4.229 billion 1/5/11
+$456 million 12/29/10
-$453 million 12/21/10
-$2.401 billion 12/15/10
-$2.631 billion 12/8/10
-$1.746 billion 12/1/10
-$2.606 billion 11/23/10
-$2.805 billion 11/17/10
-$660 million 11/10/10
-$1.132 billion 11/3/10
-$6.788 Billion for the month of October 2010
-$14.387 Billion for the month of September 2010
-$15.696 Billion for the month of August 2010
-$11.250 Billion for the month of July 2010
-$7.708 Billion for the month of June 2010
-$19.229 Billion for the month of May 2010

Since April 30th, 2010, $93.265 BILLION has been withdrawn from Domestic Equity Funds

Thanks to Zero Hedge for the copy and paste charts

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