Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Psycho-Social who wrote (19928)	1/9/2002 6:37:23 AM
From: t2	Read Replies (1) of 99280

psysocmarper, Those are interesting comments on mutual fund cash flows. What I wonder about the flow from Europe and Asia. I sense that they pulled out of the US markets well before the Nasdaq even dipped below 3000. There were enough headlines worldwide about the economic weakness in the US. That may actually be a source of inflows that is not reflected in those weakly mutual fund numbers....because the funds would be based in Japan or Europe. In addition, it looks like the US dollar is very much in demand. That could means that yields on bonds don't rise...and meaning that stock valuations can go higher. Where else is an international fund manager going to find the biggest technology companies. Many markets woldwide have major industrial names so that does not create any real need to buy a US media, oil or utility stock. Nothing really special in these. However, the tech names over here cannot be found elsewhere in the world. That is significant, and therefore bullish for US technology. At least that is how I see it. How do you see it? JMHO.

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