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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (145930)1/24/2002 1:37:47 PM
From: reaper  Read Replies (1) of 436258
 
Tip, check the TrimTabs site for some stats.

J6P equity mutual fund flows were:
1996 $211.5 billion
1997 $182.5
1998 $159.2
1999 $180.5
2000 $245.0
2001 ~ $60.0
trimtabs.com

New buybacks have averaged $18 billion / month over the last couple of years. Cash takeovers have averaged $15 billion / month over the last couple of years.
trimtabs.com

So corporate free cash generation / use is at least as important as J6P, if not more.

Pension funds (which J6P obviously benefits from but doesn't really "control") hold +/- $3 trillion in US equities. So just a small re-balancing one way or the other by these guys makes a huge difference (in fact, in the TrimTabs article referenced above, they think pensions bought new $90 billion of US equities in the Q4:01, more than the inflows from J6P all year).

I am sorry that I do not have a link for foreign buyers. I THINK it has been on the order of $50-100 billion a year for the last couple of years.

Hope that helps.

Cheers
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