A diary of the thought process behind my investment decisions
Retail Cashing Out
Over $5 billion left domestic equity mutual funds last week even though the market was higher. Week after week we have seen huge outflows from mutual funds. This is likely a large part of the reason so many growth darlings have been getting killed. Hedge funds don't generally own the stocks that trade at 50 times earnings. These are generally stocks that large mutual funds like Fidelity and Janus own.