Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (24852)	10/5/2000 12:08:13 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

they have been off lately if i recall correctly...

To: pater tenebrarum who wrote (24852)	10/5/2000 12:16:56 PM
From: Ilaine	Read Replies (2) \| Respond to of 436258

>>MUTUAL FUND TRIM TABS UP DATE September 27, 2000 $3.8 Billion Outflows From Equities The Week Ending Wednesday, September 27, 2000 Director of Research Carl Wittnebert estimates that all equity funds had outflows of $3.8 billion over the week ending Wednesday, September 27, 2000, compared with inflows of $13.5 billion during the prior week. Equity funds that invest primarily in US stocks had outflows of $2.4 billion, compared with inflows of $12.1 billion during the prior week. International equity funds had outflows of $1.4 billion, compared with inflows of $1.4 billion the prior week. Bond funds had outflows of $1.0 billion, compared with outflows of $2.0 billion the prior week. Hybrid fund flows were flat, compared with outflows of $200 million the prior week. Mutual Fund Trim Tabs tracks daily flows of ninety-one 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.<<

To: pater tenebrarum who wrote (24852)	10/5/2000 12:22:29 PM
From: Ilaine	Read Replies (2) \| Respond to of 436258

>>WEEKLY LIQUIDITY UP DATE Monday, October 2, 2000 LAST WEEK, LIQUIDITY TURNS NEGATIVE $4 BILLION due to $7.5 billion of new offerings and $1 billion of redemptions in US equity funds. On the other hand, corporate investors decided they like cash more than stock at current prices, always a good sign -- but usually early. Last week, cash takeovers and buybacks rebounded - topping $6 billion each. The Investment Company Institute (ICI) reported August equity inflows of $23.4 billion, with $19.6 billion going to US funds and $3.8 billion going into International funds. The ICI also reported that cash on hand at US equity mutual funds at the end of August dropped to 4.4% from 4.8% the prior month. However, absolute cash remained unchanged at $175 billion. In other words, US equity funds invested every new dollar of cash received during August. BOTTOM LINE: WE STAY CAUTIOUSLY BEARISH. HOWEVER, REBOUND INDICATORS SHOWING UP. We stay cautiously bearish, even after four straight weeks of lower stock prices. The key is the European investor. In August, Europeans were buying US stocks and the US market rose. That stopped in September and the US market has been dropping ever since. A whopping new offering calendar last week is not helping. 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 two often are early indicators. Thomson First Call's Bob Gabele tells us that his early reading of September data says that insider selling slowed in September. If that's so, then given the positive indicators of big buybacks and cash takeovers, we could be nearing a bottom.<<