Weekly Outflows From Domestic Equity Mutual Funds Surge To $13 Billion, Nearly Surpass Post-Flash Crash Record

Tyler Durden's picture

More very bad news for mutual funds (which as we disclosed last week have an all time record low cash level ergo once the liquidations begin it is game over): as of the week ended August 3, redemptions from domestic equity mutual funds surged to a near all time high $13 billion, matched only by the $13.4 billion on May 26, 2010. The problem however is that back then we had a dramatic snapback. This time, considering that the market has dropped by almost 10% since August 3, we are fairly confident next week we are due to see an all time record outflow from equity funds. To all those who incorrectly assumed that retail sentiment as expressed by redemption is a contrarian sentiment, best of luck rummaging through the gutter for those McDonalds leftovers. And just is scary is that for the second week in a row, there were outflows from every single security tracked by ICI, nothing was spared: not taxable bonds, not foreign stocks, not munis. Retail has had it with this joke of a market and is investing in ZZ and nothing else. Net result: $67 billion in cash outflows from equity mutual funds in 2011 (and $98 billion in 2010): so... does the SEC still not think there is a confidence problem vis-a-vis the churnathon known as the stock market?

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darkstar7646's picture

We're seeing more and more "splatters" of it, but I don't think the chunks have fully hit the air circulator yet.

That comes when the rioting goes full-scale here.

Id fight Gandhi's picture

Td ameritrade was just bragging about their best day on monday. So little guess it would be a worse outflow coming this week. D'oh!

nmewn's picture

Now it can be asked. Where's Leo?

Aren't these funds "professionally managed"? ;-)

Freddie's picture

I only invest in Morningstar's best mutual fund - Fairholme Fund managed by Bruce Berkowitzberg. He holds a concentrated portfolio in high quality stocks like Bank of America.

nmewn's picture

I'm sorry for your loss ;-)

High Plains Drifter's picture

where is leo? he is partying and picking up hot french chicks and getting shit faced.....

SilverDoctors's picture

Wait till these weekly outflows start going directly into physical silver.
Got Phyzz?


slewie the pi-rat's picture

how does all your moronic trolling here do for your fuking asswipe website? 

this shit is getting pretty old, too (Paste from one of your cutesie-pie turd piles of troll shit): 

Just discovered Blythe Masters (yes, the wicked witch herself) has a personal blog as well as facebook page!

Feel free to express your feelings to Blythe at her personal blog

Or on her personal Facebook page.  (Facebook comments are removed within minutes and expect to be permanently banned from Blythe's facebook page like we were!)  ;)


hey Doctor SPAMMER Shithead:  get lost.  stay lost.  or, lose the ads and try saying something intelligent. 

i'd prefer the former, but to each his/her own.

Yes_Questions's picture

Can Hall Monitor be added to the lexicon round here?


This is not Outdoorsigns.whatever and good on you Slewie!

mynhair's picture

I'm confident there is a problem with the pig.

rosiescenario's picture

...needs a new make-up artist

mynhair's picture

Remember: redemptions have to be requested by 2pm ET.
Look for sell offs at close.
Funds settle at day's close!

rocker's picture

It makes me think. If fund managers have no cash, so they say. With each leg down and massive numbers on down days how low this will go. Even though we have up down days, it just does not seem like we capituated yet.

gwar5's picture

If even a fraction of that money goes into PMs, which it should, then it could get very real.

"Fiat money has no place to go but gold."  --- Alan Greenspan, to the CFR, 17 Sept 2010


mynhair's picture

I see 1801.20 right now. I luv tradition. The glue of society.

ebworthen's picture


The market commentary mavens say it is "fear" or some other derogatory comment about retail investors not understanding "the markets."


People probably NEED the money, or realize that the only way the debt can be paid is confiscatory taxation or annuitization schemes (or both) from the clowns in Washington.

Get your money now, buy PM"s and/or pay off debt because the great depression never left us, it was merely levitated and the parched cracked earth of the U.S.A. had a mirage placed upon it of $10 TRILLION of theft from the future and FED Keynesian incantations of dark spirits and opium induced rainbows.




kito's picture

we are only down about 15 pct off the dow high of 12,700. can you imagine when the sREALLYhtf???? we havent even begun to scratch the surface......looooook outttttt belowwwwwwwwwwww......

mynhair's picture

Short and hold is as stupid as buy and hold. Trade!

kito's picture

soon we will all trade----a bag of flour for some sugar perhaps. a piece of silver for a 45 minute tutoring session in mandarin chinese....

uniman's picture

Don't waste your time with Mandarin lessons.  China is a big hoax and is going to have a harder fall and far bigger hang over than the US.  But WTF ?  The customer's always right.  If you're tired of lugging those bags of silver around I can hook you up with some lessons; let's make a deal.  I also accept Bitcoins.

DCFusor's picture

Yup.  No set and forget in this world, gotta trade and earn your gains.  Why be dumb by choice?

mynhair's picture

Is the BOJ dumb enough to intervene in the Yen again?
Ok, stupid question. Those morons have forgotten they have nothing to export right now.

Stoploss's picture

Wha?? They are currently THE NUMBER ONE exporter of all types of radiation kind sir.   ;)

Yes_Questions's picture

That's good.  Don't whistle past the graveyard..

kito's picture

btw did i miss something or have there been no margin hikes on gold?

disabledvet's picture

no learjets to Washington DC either. That's a war town down there--created and named for our first General and our first President of the United States. They don't need the money to tell them what's going on and they haven't since day one of this crisis. The fact that those with the money still have no clue speaks far more than those with a "charge to keep." The latter are going to provide the answers now.

spinone's picture

That's a war town down there--created and named for our first General

Quotes like that keep me coming back

reader2010's picture

Sell in May and Go Away?

mynhair's picture

I'll buy all your physical at May prices, and you can go away.

DosZap's picture

mynhair,@ 18:15

What did I miss here?

Short and hold is as stupid as buy and hold. Trade!.

Then one is to take it, you own no physical metals?.


Then this comment. @18:27

I'll buy all your physical at May prices, and you can go away.

Color me confused at your two posts.


Id fight Gandhi's picture

Seems like that would have been the best cliched advice for the past 6 years

magpie's picture

Where would it be now, had not SocGen been selling in distress lol

mayhem_korner's picture

I just brought the 1700! cake back to be fitted for 100 more candles.  Maybe I should just wait for the weekend and get a larger cake.

honestann's picture

There is no market.

There is no market.

There is no market.

And there hasn't been for quite some time.

mynhair's picture

But there is still 36 black.  Place yer bets!

honestann's picture

Yeah.  Plus the odds in Vegas are much better AND the tables are much less rigged.

Disclaimer:  Still, I advocate gold, not Las Vegas!  :-)

Id fight Gandhi's picture

Vegas is 0 and 00 and Monaco just 0, no 00 right? Or is it the other way around, all things being on the LEVEL

honestann's picture

I have no idea about monaco, but Vegas does indeed have 0 and 00 on the wheel.

Disclaimer:  I never gambled a penny in Vegas, but I have stood by the tables and watched the fools lose their shirts... usually slowly.  As dumb as gambling in Vegas is, it isn't 0.1% as dumb as gambling in the paper non-markets these days.

mynhair's picture

1811.58, and going up

Ag still below 40

Nope, gold top.  Sell me yours.

Ah hell, 1814.43

ImNotARobot's picture

I know that it has been impossible to log into my 401k plan's website the last few days.  Not exactly the same as a mutual fund, but along the same lines.

DosZap's picture


<I know that it has been impossible to log into my 401k plan's website the last few days >

DUDE..............................they have telephones.

IF you want your cash out, get to dialing.ASAP


Quicksilver's picture

Retail has had it with this joke of a market and is investing in ZZ and nothing else

What's so great about Sealy Corporation?

kito's picture

the mattress my friend, the mattress