To: Les H who wrote (35396 ) 12/18/1999 2:18:00 PM From: John Madarasz Respond to of 99985
Analysts said the Dow's tumble in the final hour of trading -- kicked off by automated selling programs in light of the triple witching -- isn't likely to check enthusiasm going into next week. "Overall things are still looking good and it looks like we're going into a pretty good year-end rally," said Alfred Goldman, director of technical research at A.G. Edwards & Sons. public.wsj.com ********************************************************************trimtabs.com ********************************************************************* TrimTabs.com Investment Research trimtabs.com December 16, 1999 $3.5 Billion Inflow To Equities The Week Ended Wed. December 15, 1999 TrimTabs.com Director of Research Carl Wittnebert estimates that all equity funds had inflows of $3.5 billion over the five day week ended Wednesday, December 15, 1999, vs. inflows of $6.8 billion during the prior week. Equity funds that invest primarily in US stocks had inflows of $2.2 billion, compared with inflows of $4.6 billion during the prior period. International equity funds inflows of $1.3 billion vs. inflows of $2.1 billion the week before. Bond funds had outflows of $800 million vs. outflows of $900 million the prior week. Hybrid funds had zero flow vs. inflows of $200 million the week before. Mutual Fund Trim Tabs daily tracks flows of 91 fund families that have about 20% of all equity fund assets. MFTT then regresses those numbers by sector to estimate total flows for all equity funds. ********************************************************************* Yet even as market players count their blessings, economists are counting the days until the party ends. "The National Association for Business Economics [a nonprofit group] did a poll of 181 U.S. economists last July, in which it asked the experts what they thought was the single biggest problem facing the U.S. economy," notes Steven Wieting, equities economist at Salomon Smith Barney (SSB). "You know what they said? The single biggest problem facing the U.S. economy is a stock market bubble. They ranked that higher than poverty. " businessweek.com ******************************************************************** Vanguard Fund to Use Calvert 'Social' Index washingtonpost.com