From Newsmax:

Investors are pulling money out of stock mutual funds, an ominous sign for the recent market rally, says financial newsletter publisher Mark Hulbert

“They (investors) typically add money to stock mutual funds as the market rises and withdraw money as it declines,” he wrote in The New York Times.

“During the bull market of 2002 to 2007, for example, there was a net inflow of more than $250 billion into domestic equity funds…"

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