8.7 Billion Inflow Into Mutual Funds In Hope Of Obama Rally

From Bob Pisani's trader talk: Meet Wall Street's Public Enemy #1

• The market has a major enemy: utter indifference. Professionals do not seem interested, and the average person still has a lot of hope—hope that the inauguration of Obama means some kind of bottom.
  
  Charles Biderman at TrimTabs tells me that from Wednesday the 21st to Wednesday the 28th (when the market rallied 8 percent), there was 8.7 billion in inflows into mutual funds; the best we have seen in months.
  
  That 8 percent rally has now dissipated.
  
  What has to happen? From bears, I keep hearing about the need to break through the November lows, about more capitulation needed. From bulls, I keep hearing about more clarity on the stimulus, TARP, TALF, and Treasury purchases of everything.