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Mutual Funds Inflows/Outflows

Mutual fund investors put almost $1.5 billion into equity funds for the two business days ended Jan. 18, estimates

, a firm that tracks mutual fund inflows and outflows.

The inflows -- for those of you who believe in patterns -- should not come as a surprise. Fund flows continue to alternate between inflows and outflows, as they have for the past seven reporting periods. Take a look at the chart for evidence.

For the two business days ended Jan. 18, the

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Nasdaq Composite Index

was up more than 5%, the

S&P 500

was up 1.6% and the


was up 2.6%.