By SIMON CONSTABLE
Mom and Pop investors are dumping stocks in a way not seen in years. It's probably a bullish sign for the major market indices, if history is anything to go by.
Every month from April through Dec. 30 last year, mutual fund investors yanked money from mutual funds focused on foreign and domestic stocks, according to the latest estimates from the Investment Company Institute.
The total outflows over that period adds to a hefty $98.1 billion, a total which is unlikely to being meaningfully changed when the final day's trading (Dec. 31) is added in.
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