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

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (205926)	11/20/2002 4:44:16 PM
From: ild	Read Replies (2) of 436258

Liquidity Update – November 20, 2002 Corporate buying has slowed the past two days, other than the big AXP buyback Monday. On the other hand, the new offering calendar probably peaked for the week, given that Thanksgiving is fast approaching and underwriters might want to want until the week after. Starting the week after Thanksgiving, underwriters will have a short three week window through Christmas week to push out the door as much as they can at between 3% and 7%. How many new shares get sold through this year end could make the difference between survival or not for many an investment banker -- individuals, not firms. US equity funds had an estimated $1.3 billion outflow on Tuesday, which followed a 0.9% decline in average NAVs. That outflow was larger than the previous inflows that followed bigger market gains. That says that individuals still do no believe, meaning that this rally can last longer -- as long as new offerings don't come out of the woodwork and swamp the market. MUTUAL FUNDS FLOW FOR NOVEMBER 19, 2002 ALL EQUITY MUTUAL FUNDS: OUTFLOW -$2.6 BLN; NAV DOWN 0.6% US FLOW: OUTFLOW $1.3 Bln BREADTH: NEGATIVE 44 OUT VERSUS 11 IN NAV: DOWN 0.6% INT'L FLOW: OUTFLOW $1.3 Bln BREADTH: NEGATIVE 28 OUT VERSUS 2 IN NAV: DOWN 0.7% BONDS & HYBRID: INFLOW $0.6 BLN; NAV UP 0.10% L1: NET FLOAT ON NOVEMBER 19 $988 MLN NEW ANNOUNCED CASH TAKEOVERS: $0 MLN COMPLETED CASH TAKEOVERS: $0 MLN NEW STOCK BUYBACKS $252 MLN NEW OFFERINGS: $1040 MLN INSIDER SELLING $200 MLN L2: US EQUITY FUND FLOW $-1267 MLN

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next