Investors in U.S. equity mutual funds are rushing for the exits as if the house is about to burn down, which will inevitably knock out a key support for the stock market rally … at least that’s the bearish story.

But not so fast.

True, net outflows of domestic stock funds totaled another $4.2 billion in the week ending October 12th, according to industry data. This brings the year-to-date total of fund outflows to a whopping $108 billion, fast approaching last year’s record redemptions of $116 billion … and with two and a half months still to go.

But here’s the rest of the story.

To read the rest of Mike Burnick’s Afternoon Edition, click here ...