Zeev's Turnips - No Politics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Lee who started this subject	7/26/2002 3:10:12 AM
From: Psycho-Social	of 99280

Massive Outflows from Stock Funds Forget all that talk about there being no real panic yet among long-term mutual fund investors. Another $12.2 billion was redeemed from the approximately half of the industry's funds covered by AMG Data. For the month so far: $30.6 billion has flowed out. Extrapolating to the entire industry and assuming no dramatic reversal of $ flows occurs by month end, we will almost certainly see $40 to $50 billion outflows for July, on top of $10-20 billion for June. Outflows of over $50 billion for July are a distinct possibility. These will be the heaviest ever by far in dollar terms, and may rival the '87 Crash period in % terms. They are approaching the magnitude, but negative this time, of the early 2000 $ flows. Hopefully, the implications now are the opposite of what they were in early 2000. This has always been a contrarian indicator which can lead by up to a few weeks, so we should have the makings of an intermediate term rally in the broad Market. My indicator of long term Nasdaq Market sentiment however, which leads by 1-3 months, is still trending lower, so the Nasdaq may underperform in months to come.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next