http://www.businessi...his-week-2013-8
http://www.ici.org/r...mmf/mm_08_22_13
I don't think there are any surprises here. I'd take all fund flow data with a grain of salt and don't read much into it.
Population is broke. Jobs that are being created are insufficient to generate any kind of investable savings. 0% interest rates have drained the retirement funds of the babyboomers.
The market rise was driven by corporate buybacks, and large speculators.