Relevant:
- Retail Capitulation: Stock Outflows Surge By Over $7.5 Billion In 18th Consecutive Week Of Record Stock Market Boycott
- 26th Sequential Week Of Outflows From Domestic Equity Mutual Funds
- Stunner: 12th Sequential Domestic Equity Outflow (And $11 Billion In July Alone) Invalidates Volumeless July Stock Surge
- Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate
- U.S. Stock Mutual Funds Suffer Biggest Weekly Outflow Since 2011
2010-09-29 — zerohedge.com
The massive, and completely unjustified, September ramp in stocks has done nothing to restore investor faith in a broken market: ICI has just reported that in the week ended September 22, domestic equity mutual funds saw a 21st sequential outflow of $2.5 billion, bringing the total Year To Date to over $70 billion.
I would submit that the real problem is the drying-up of consumer credit and a retail investor who is having to withdraw money simply to live... not that the psychological effect of the media and market's confidence game "isn't working."
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