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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (49925)	1/9/2001 12:05:00 AM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

Auto Executives Expect Auto Sales Bottom Out In First Quarter Executives at General Motors and Ford expect U.S. auto sales to rebound later this year after a slow first quarter, making 2001 the third-best sales year in history. "We think things will bottom out in the first quarter and then will come up," said GM chief executive Rick Wagoner. GM is forecasting sales of about 16.5 million vehicles this year, down from the record 17.4 million in 2000. Ford North America chief Martin Inglis said, "I would hope we get some pick up (in sales) as we go into the second half." From the weekly data I am following this looks reasonable. From the high growth rate of the first part of last year slowing to a 3% on going rate this year causes a compounded slowdown this quarter, as reduced consumer spending and inventory reductions are worked through. The corporate bond market does concern me after the period of excessive free spending and credit we had. Skeet

To: Bill Ounce who wrote (49925)	6/27/2001 11:15:10 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 94695

USA Today: Bad sign: Execs sell more stock than they buy Is this a bearish sigh? ^_^ usatoday.com By Greg Farrell, USA TODAY [...] * The ratio of stock sold by insiders to stock bought jumped in May. For every dollar insiders spent buying, they sold $34.11. That's more than double the figure for April, $15.98, and nearly triple the average ratio of 12-to-1. * The rate of insider buying fell 15% from April to May, from $179.7 million to $152.5 million. [...] "Right now, maybe executives don't feel there will be a summer rally," says Lon Gerber, director of research for Thomson Financial/Lancer Analytics. "We're at the most bearish point ever." [...] David Tice, portfolio manager at the Prudent Bear fund. Tice says many people now are hoping that stocks have hit bottom because lower interest rates are going to help corporate profits. "But Corporate America realizes that it's not the case, and they're taking money off the table," he says. And unlike last year, when selling centered on tech companies, analysts point out that executives at companies across all industries are lightening up now. But insider selling is only half of what is causing concern. "There's been a fairly incredible lack of insider buying across the board," says Paul Elliott, analyst at Thomson Financial/First Call. But now that shares of most tech companies have hit what appear to be lows, Elliott argues that there should be an uptick in insider buying. "The lack of buying is starting to be troubling," he says. Has the market hit bottom? Not judging from all the people who are saying it has, Tice says. "There's more discussion of bottoms on CNBC than in a proctologist's office or in Hugh Hefner's mansion," Tice says. "We're in the eye of a hurricane."