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Strategies & Market Trends : HONG KONG
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To: Rolla Coasta who wrote (2936)1/6/2001 4:20:50 AM
From: fut_trade  Read Replies (1) of 2951
 
.... I haven't seen any major buying activities in successive trading days before the rate cut

thestreet.com

"how ugly investor sentiment had become before the Wednesday's rate move: Tuesday witnessed the biggest outflow of cash from mutual funds ever, according to figures from fund-tracker TrimTabs.com"

I'm not sure how you guage buying activity, but someone was buying when the mutual funds were selling. If the selling is too great, nothing will stabilize the market, except perhaps a rate cut (which effect may be only temporary).
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