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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2167)	11/25/1999 4:49:00 PM
From: EL KABONG!!!	Respond to of 3543

Well, if it's long term valuation views you seek, the link in this post has an interesting perspective... Message 12081932 KJC

To: RockyBalboa who wrote (2167)	11/29/1999 11:48:00 PM
From: Mad2	Read Replies (1) \| Respond to of 3543

Here's the latest flow of funds info from Reuters, confirming the obvious bigcharts.com U.S. stock funds see sharply higher flows in October MONDAY, NOVEMBER 29, 1999 6:10 PM - Reuters WASHINGTON, Nov 29 (Reuters) - Net new cash flowing into U.S. based stock mutual funds nearly doubled in October from the prior month, the Investment Company Institute (ICI), trade group for the fund industry, said on Monday. The ICI said stock funds attracted $20.42 billion in net new cash last month, up from a revised $10.79 billion in September. The ICI previously reported that stock funds took in a net $9.38 billion in September. On a year-to-date basis, net flows into stock funds climbed to $142.89 billion versus $141.01 billion in the first 10 months of 1998. The 1999 pace had been lagging that of 1998 until the latest set of figures released by the ICI. Private forecast services such as Mutual Fund Trim Tabs have been estimating that stock fund flows have also been strong in November. Mutual Fund Trim Tabs said Monday that based on activity through Nov. 26 it calculates $31.4 billion of net flows into stock funds in November, which would be a record. Assets of stock funds rose by $204.10 billion to $3.51 trillion, the ICI said. Assets of all funds including bond funds and money market funds rose to $6.23 trillion. The assets of stock funds, reflecting generally higher stock prices, was up 6.2 percent from $3.30 trillion in September. Burton Greenwald, a Philadelphia-based fund industry consultant, said the activity reflected good feelings about the stock market on the part of the public. "It's a market that really has legs and apparently there is an air of optimism that is just extraordinary," he said. "You're having everybody pile in." He said that some investors were responding to big gains in high technology stocks and funds, adding, "one can only hope that they are going in with their eyes open." The ICI said cash flow into stock funds increased in nearly all investment objective categories last month. Funds investing in foreign companies had cash flow of $4.42 billion, up from $2.19 billion in September. Growth and income funds saw fund flows increase to $2.06 billion from $1.98 billion in September. The only category reporting an outflow was income-equity where net outflow was $955.9 million compared to outflow of $1.00 billion in September. The ICI said hybrid mutual funds, which invest in both stocks and bonds, had net outflows of $718.0 million last month, smaller than the $1.05 billion net outflow in September. Taxable bond funds recorded net outflows of $1.92 billion in October, similar to the $1.97 billion outflow in September. Municipal bond funds saw a $1.55 billion net outflow in October versus a net outflow of $1.75 billion in September. Net new cash into money market funds amounted to $37.03 billion last month versus an outflow of $15.06 billion last month. On a year-to-date basis flows to money market funds are $113.06 billion, compared to $209.87 billion in October. The annualized rate of redemptions from stock funds as a percent of average net assets was 22.7 percent in October, down from 23.8 percent in September but up from 20.3 percent a year ago. In the latest monthly figures, redemptions of stock funds were $55.88 billion, down slightly from $56.99 billion in September. New sales rose to $72.24 billion from $66.93 billion while the net effect of exchanges added $4.06 billion to the monthly flows to stock funds compared to a positive $850.2 million from exchanges in September. ((--Cal Mankowski/Wall Street Desk/212-859-1732))