less flowing in after too much flowing in. What defines 'too much'? My take was that a lot WAS flowing in and that's because prices were going up and people were making money hand over fist. Why would folks brimming with extra confidence invest LESS? It should be MORE. Especially from the day-trading types that dominate those money flows. If many or most of those are individual mms though, it would perfectly explain the pullback...rinse..repeat..