There is plenty of money o come into the market, if the "conditions are ripe". They are not ripe now for a major bull market, yet, but the growth in MZM in the last three years dwarfs the outflows from mutual funds. You have to remember that there is a constant flow every month of money going into various retirement plans, a lot of it is now directed into MZM and some of it still find its way into the market, once the outflows by disgruntled investors stop, the balance will shift to "demand for equities" and with all the sellers gone, a powerful move could arise.
Zeev