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
Nasdaq Composite Index
was up more than 5%, the
was up 1.6% and the
was up 2.6%.