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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.38+0.4%Dec 24 4:00 PM EST
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To: Johnny Canuck who wrote (37585)7/12/2002 4:19:02 AM
From: Johnny Canuck  Read Replies (1) of 69207
 
5:33PM Eight straight weeks of outflows from stock funds ($SPX) by Craig Tolliver
Investors yanked money from stock funds for the eighth straight week, pulling $6.3 billion over the five-day period ended Wednesday, according to Trim Tabs. Over the eight-week period, roughly $43 billion has poured out of stock funds amid a 16 percent drop in the S&P 500 over that time span. Equity funds that invest primarily in U.S. stocks had outflows of $5.9 billion in the latest week, compared with outflows of $10.9 billion the week before. International funds saw outflows of $400 million, compared with flat flows the prior week, the Santa Rosa, Calif.-based fund analyst said. Trim Tabs tracks the daily flows of ninety fund families, representing about 15 percent of all equity fund assets, to arrive at its weekly flow estimates.
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