I follow a weekly graphic in Barron's called Cash Track. It shows 4 week average flows into equity funds, money market funds, taxable bond funds and municipal bond funds.
New investors always get wrapped up in the BS that Wall Street sells. This has been going on since the stock market was first established under the Buttonwood tree on May 17, 1792. It's made a lot of brokers rich and "investors" and speculators poor.