(by Dr. Goldfinger)

Funds investing primarily in U.S. stocks took in $1.4 billion in new money during the week ending July 21, estimates Trim Tabs director of research Carl Wittnebert, down from inflows of $2.1 billion the week before. International stock funds had zero flow, a slight improvement over last week’s outflow of $100 million. "The Microsoft buyback announcement has had no effect on fund flows," Wittnebert said, "but if their December cash dividend is invested in mutual funds, we may have to reprogram our computers." Bond funds had outflows of $700 million, up from last week’s outflows of $400 million.