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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (28685)	8/29/2000 7:27:49 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Thanks! It's a new issue, and it had a nice day. But I want some down HARD days!!

To: OX who wrote (28685)	8/30/2000 10:03:12 PM
From: OX	Read Replies (2) \| Respond to of 42787

TRIMTABS WEEKLY LIQUIDITY UP DATE Monday, August 28, 2000 How Important is Europe's $25 Billion Monthly Into US Stocks? The Answer: Vital. There is no question that European investors have been net buyers of US stocks this summer. European companies have given over $60 billion to US shareholders in accounting for over half the $112 billion of cash takeovers announced since this past April. Less visible are the daily flows of cash into US stocks and out of Euro-land reported via a two month lag by the US Treasury -- which we estimate was as much as $40 billion over the past four months. Without that combined $25 + billion monthly -- much more than the $17 billion May to August average monthly flow into US equity funds -- the US stock market would be lots lower. The Euro is down just under 10% so far this year. Obviously that's the underlying reason for Europeans to buy US stocks. Which way the Euro goes from here is quite important to the US stock market. Bottom Line: We Remain Cautiously Bearish. The main reason is the huge equity fund inflow that usually signals a short term trend reversal. Historically, September is a strong month for stocks. Two reasons. Firstly, there are few new offerings until the end of the month, and secondly, investors return from vacation itching to buy. Both reasons might be just short term bullish this year. While the new offering calendar will be virtually non-existent for the next four weeks, the pipeline is huge. Not only are there billions of dollars in potential new shares at US underwriters, but there are at least $50 billion of global new offerings from European telecoms. Income growth is slowing while the supply of new shares grows. European companies and investors have been very generous in supporting the US market. If, as and when they stop buying, look out below.