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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: TimeToMakeTheInvs who wrote (32136)3/1/2001 9:59:29 AM
From: Dealer  Read Replies (1) of 65232
 
From: Larry S. Thursday, Mar 1, 2001 9:39 AM

Don't think new month has much significance this month. The end of March could be interesting though. Mutual funds have to show quarterly holdings, so we are likely to see window dressing towards the end of the month. Of course, this could be tech adding or tech dumping depending on the market we have in March. A lot of money is still going into mutual funds, but apparently into money market funds, which are bloated. When, and no idea when that time will be, that money starts moving back into stocks, it will cause a stampede of mammoth proportions. But first the perception of the market and the economy has to change. We have to stop hearing about earnings cuts and lay-offs and start hearing about meeting estimates, and upward revisions. larry
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