$277 billion into stock funds so far this year; hi

$277 billion into stock funds so far this year ; highest since 2000

Here’s one more piece of evidence that investors are going gaga for stocks (as if the 32 record closes for the S&P 500 this year, including on Monday, a Nasdaq Composite up 30% and fat valuations for unprofitable tech companies weren’t enough): Huge inflows into stock funds this year.

The wall of cash into U.S.-listed mutual funds and ETFs (including those that invest overseas) has hit $277 billion, and that’s with just over two months to go in the year, according to TrimTabs Investment Research. That’s the most for one year since $324 billion for all of 2000, which of course is the year the last tech bubble burst. http://blogs.marketwatch.com/thetell/2013/10/...ince-2000/