This is very encouraging news for a correction. People moving $ from MMs and Bonds to Equities - and buying at the TOP. This is how institutionals make money off common people - SHORTING these and forcing people to sell at lows - after having purchased at the TOP. This rally will still have legs, they need more people to get sucked in. A few more months at the MOST... (Q1 prob)
Long-term mutual funds had their 40th week of net inflows according to the Investment Company Institute, putting the total invested at about $400 billion since the market bottom.
Total estimated inflows were $11.33 billion in the week ended December 16, with stock funds inflows of $289 million, bond fund inflows of $10.01 billion and hybrid funds, which can invest in stocks and fixed income investments, added $1.03 billion, the Wall Street Journal reported.
I'm not disagreeing, I just think there might be profit taking in January after the big run up. I really feel the fed is injecting money into the market to assist the economy......... but it can't last.