Fund Flows {Addendum}

As an addendum to our post from Thursday {two postings down from here}, there is this information  via NBC News regarding the most recent money flows into funds.

"NEW YORK (Reuters) - Investors in mutual funds based in the United States pulled $475 million out of funds that hold U.S. stocks in the latest week amid fears the Federal Reserve could scale back its easing, data from the Investment Company Institute showed on Wednesday."

This may mark the beginnings of a short term top in stocks {again see our post from yesterday}, but fund flows are hardly forming the stuff that looks like a cyclical long term market top at this juncture.  If you want to see what money flows look like when that's occurring then go back to 2001 when more money went into equity mutual funds than any other time since.  Much of that entered the market in March of that year right when stocks started rolling over.