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Another 2.235 Billion had been withdrawn.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:

• 65 Billion Outflow From Long Term Equity Funds
• 58 Billion Reason Why Americans Thinks Their Stock Market Sucks!
• Americans Pulled USD 53.279 Billion Out Of The Equity Markets
• Stocks Rally And US Equity Investors Rallied To Get Out Of the Equity Markets
• Main Street Telling Wall Street That The Equity Markets Stinks!
• Stocks Are Flying To The Orbit But Investors Keeps Cashing Out!
• Since 28th April 2010, Americans Pulled USD 42.116 Billion Out From Equities!
• more here

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.