Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Jeff Jordan who wrote (9329)	5/28/1998 10:00:00 PM
From: Oeconomicus	Read Replies (1) of 18691

Good evening all. I heard a comment today that on Tuesday, with the Dow down 150, $400 million came into equity funds. A pretty big number for one day, especially a 150 point down day, right? Well, consider this news from AMG Data Services: Week Ending Equities Taxables Money Markets Municipals This week 05/27/98 $-0.811 B $ 0.744 B $ 4.380 B $ 0.154 B Last week 05/20/98 $ 0.471 B $ 0.461 B $ 8.719 B $ 0.233 B If Tuesday was +$400mm, then the other three days of this short week ended Wed must have been -$400mm each. Good news for us bears, IMO. Wonder how Maria will spin it in the morning. Bob PS: Didn't money markets for last week show +$13bn, not the +$8.7bn they show now?

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