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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: clochard who wrote (37604)1/18/2000 12:38:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Who's Afraid of 25 Basis Points?

ntrs.com



To: clochard who wrote (37604)1/18/2000 12:50:00 PM
From: Les H  Respond to of 99985
 
Liquidity Trim Tabs Summary --- Turning Cautiously Greedy
January 18, 2000

Bottom Line: We Turn Cautiously Bullish. The Next Downturn Will Be Severe

Headline:

Liquidity Strong Despite Few New Cash Takeovers. Equity Flows Could Peak This Week. Dec. Margin Debt Ratio Highest Since Sept. 1987. New Offerings Start Off With Big Bang.

Subheads:

Margin Debt Grew 25% Past Two Months, 3X Market Cap Gain of 7.7% Equity Fund Inflows Surge, Double Early 1999 Pace. Retail Money Flows Down. Year End Repo Surge Unwinding One Week Liquidity Moving Average Drops Below Four Week.