Thursday, September 16, 2010

More Money Redeemed From Equity Mutual Funds

And yet the Americans continued to redeem their money out from long term equity mutual funds.

Another 2.235 Billion had been withdrawn. Last week's figures have been revised to 7.707 billion.

And if you are still counting, that's Nineteen! 19 consecutive weeks of money taken out from equity funds!

Total redemption during this period has reached 67.642 Billion.

Past postings:

And naturally it would be damn silly to suggest that this posting is suggesting anything!

LOL! Sorry but I need to put this disclaimer in.

The local markets is hot and people have nothing better to send in senseless comments saying I am suggesting this and that.