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To: pater tenebrarum who wrote (38304)11/17/2000 9:37:47 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
no, SELL um.... its over



To: pater tenebrarum who wrote (38304)11/17/2000 10:01:49 AM
From: Perspective  Read Replies (2) | Respond to of 436258
 
Evidently the October capital gain avoidance mutual fund outflows were hogwash, as you expected. Must be some pretty serious redemptions going on to balance the flood of 401K money:

www2.marketwatch.com

Stock funds flat, Trim Tabs
--9:12 am - By Tomi Kilgore
Funds that invest primarily in U.S. equities had zero flows in the week ended Nov. 15, compared with inflows of $600 million in the previous week, estimates Carl Wittnebert, director of research at Trim Tabs. During the Nov. 15 week, the S&P 500 index ($SPX: news, msgs) slipped 1.4 percent, after trimming 0.8 percent the prior week. Bond funds lost $800 million, compared with a $1.3 billion loss the week before.


Gee, people don't HAVE to buy stocks or bonds - maybe they might focus on paying down that debt now that stocks don't guarantee 25% per year any more...

BC