Mutual Fund Flows Update
Total flows into foreign oriented mutual funds are poised to overtake total flows into domestic oriented mutual funds. Given mutual fund investors’ well known history for investing in a sector at exactly the wrong time, is this contrarian indicator suggesting a dollar rally? Also, we update and revise our mutual fund average purchase price statistics to reflect the bull market that began with the successful retest in May 2003.

For a refresher on how this report calculates the public’s breakeven point, see our October 7, 2002 – Mutual Fund Flows Update: Are Equity Levels Below The Public’s Breakeven Point? Decision Time For Stock Fund Investors