What about Fund Flows

Saw an intereting comment on the issue of Flow of Funds. here

As one can see from the above chart, the selling that we endured on the U.S. stock market during February 27th and the following four days was one of the most intense in history. Not only was this apparent in the U.S. stock market, but all around the world as well as the major global market indices plunged. At the height of the selling, money managers in Asia were remarking that they have not experienced this kind of selling intensity since the height of the Asia Crisis in October 1997.

(btw.. saw a citigroup commentary posting on this thread here )