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MUTUAL FUND INFLOWS SURGE AGAIN

As stocks have surged higher small investors have piled back into the market.  The Investment Company Institute reports the 13th straight week of mutual fund inflows.  Inflows totaled $12.5B with $5B of that going into equity mutual funds.  This has proven to be a fairly reliable contrarian indicator during this bear market.  The fact that small investors are increasing their stakes in stocks should be a red flag in the near term….

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