Massive Funds Cashed Out Of Equities

On ICI: Long-Term Mutual Fund Flows, the table posted is rather significant.

Equity funds had estimated outflows of $12.33 billion for the week, compared to estimated outflows of $1.28 billion in the previous week. Domestic equity funds had estimated outflows of $8.62 billion, while estimated outflows to foreign equity funds were $3.71 billion.

So why is that week so significant?

Well remember More On The Day The Markets Went Nuts?

How?

ps: time to read back previous posting Citigroup And Deutschbe Bank Probed, Mutual Fund Outflows and US Budget Deficit Soars!