TrimTabs reports as of April 28, 2000, liquidity, as they measure it, plunged to -$3.3 billion, down from $10 billion the week before. They say the $10 billion ATT spinoff of AWE was more than US equity inflow.
Nevertheless, total market cap as of May 1, 2000, was $17.54 trillion, significantly up from April 24, 2000, at $16.91 trillion, which was significantly up from April 17, 2000, at $15.97 trillion.
They report $5.18 trillion inflows into US equity funds for the week ending 5/1/00.
Doesn't look too bearish, IMO, but this data is so old. It would be very interesting to have the data more timely. |
