In Brief: May 14, 2001

CASH FLOWS When the market took a nosedive in March, investors who thought the sky was falling pulled a record $20.6 billion out of stock funds. This mass exodus may be a sign things are perking up--buy on bad news, remember? A look at the five biggest outflows since 1984 shows that both the Dow and the NASDAQ bounced back within the next six months.

Biggest monthly market outflows

Outflow % of Next 6 months change: (billions) assets DOW NASDAQ

Aug. '98 -$11.6 0.4% 19% 45% Oct. '87 -$7.5 3.1% 0.9% 16% Feb. '01 -$3.3 0.1% 4.8%* 0.37%* Nov. '88 -$3.2...

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