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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (5059)	10/2/2000 8:58:21 PM
From: Sully-	Respond to of 65232

<<Earnings outlook As of Friday, third-quarter profit warnings totaled 257, up 25 percent from last year's levels, according to First Call. Still, though warnings were more numerous than usual, the magnitude of the downward revisions was fairly modest, the earnings compiler noted. Expectations for third-quarter earnings currently stand at 16.3 percent, down from the 18.1 percent expected on July 1.>> ;-) <<Separately, Trim Tabs said market liquidity turned negative due to the $7.5 billion in new offerings and the $1 billion in outflows from U.S. equity funds over the five days ended Sept. 28. And new offerings aren't about to let up, with another $7.5 billion or so scheduled for this week, according to CommScan. Trim Tabs remains cautiously bearish on the market even after four straight weeks of lower stock prices. "Fund redemptions are not yet big enough to signal a sentiment reversal often seen at the end of a down leg. However, stock buybacks and new cash takeovers are improving and those are often early indicators [of a turnaround]," Trim Tabs said.>> :-( OOF Ö¿Ö