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

To: Jim Willie CB who wrote (32430)	3/5/2001 8:33:16 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

Hey Chicken man, remember, just float, it will all come. Vster working on his Law Latin

To: Jim Willie CB who wrote (32430)	3/5/2001 10:44:27 PM
From: stockman_scott	Respond to of 65232

Investors beat it out of stock funds ____________________________________________________ Estimated $13 billion in outflows a new record By Craig Tolliver, CBS.MarketWatch.com Last Update: 6:31 PM ET Mar 5, 2001 <<SANTA ROSA, Calif. (CBSMW) - Investors hotfooted it out of equity funds in record numbers last month, a trend not seen since the Asian collapse of 1998. A projected outflow of $13 billion in February would reverse a trend of continuous monthly inflows to stock funds since August 1998, Mutual Fund Trim Tabs reported Monday. The firm tracks the flow of cash in and out of ninety fund families, representing about 20 percent of all equity fund assets, and then regresses those numbers by sector to estimate total equity fund flow. U.S. stock funds leaked nearly $8 billion in assets and international funds suffered more than $5 billion in net redemptions. Bond and hybrid funds, meanwhile, attracted over $2 billion in February. The news is especially dim given the high expectations investors held for stock funds in 2000. U.S. and international equity funds averaged daily inflows of nearly $1 billion last year for a record haul of $309 billion, according to a new study just released by industry trade group The Investment Company Institute. In spite of record inflows during the year, assets tumbled $80 billion to $3.96 trillion amid declining market performance. The Nasdaq plummeted 40 percent in 2000. Standard & Poor's 500 Index and the Dow Jones Industrials dropped 10 percent and 6 percent, respectively. "Flow follows performance. The market's been going down in February big time. The average equity fund over the last 30 days is down about 12 percent. So to see an outflow over that 30 day period is not surprising," Trim Tabs President Charles Biderman told CBS.MarketWatch.com. Through the end of last week, roughly $90 billion went into a combination of savings accounts at banks, retail money funds, and small denomination CDs as individual investors sidelined their money waiting for the next upswing, Biderman said. Equity fund flows were positive in February at The Vanguard Group, the nation's second largest mutual fund company and home to the mother of all index funds, the $100 billion Vanguard 500 (VFINX: news, msgs, alerts) . Vanguard's stock funds took in $1.4 billion in February, but were still down considerably from 2000 February flows of $3.1 billion. The largest no-load, no-transaction fee mutual fund supermarket, Charles Schwab (SCH: news, msgs, alerts) , reported that inflows continued in February, though lightly, following a strong January. Schwab customers put $268 million more to work in stock mutual funds in February following inflows of $3 billion in January. The firm witnessed redemptions by fund holders in November and December however. Strong January flows are not uncommon as investors typically beef up their retirement accounts and some spill into February is generally expected. That's why flow-tracking rival Financial Research Corp. isn't ready to back a February prediction until hard numbers come in, though analyst Chris Brown said he wouldn't be surprised by negative flows. In fact, such a turnaround could be good news for fund firm Franklin Distributors, heavy in fixed-income funds. Franklin (BEN: news, msgs, alerts) , suffering steady redemptions for years, saw the pace drop somewhat in January, according to Financial Research. "If they don't generate inflows across the board, certainly their outflows will be less given lower interest rates and the expectation that fixed-income products will perform fairly well. Not to mention that it looks pretty good compared to the equity market right now," Brown quipped.>> Craig Tolliver is the mutual funds editor for CBS.MarketWatch.com in Los Angeles.

To: Jim Willie CB who wrote (32430)	3/5/2001 10:48:05 PM
From: Mannie	Respond to of 65232

Yo there, Chicken Boy Glad to hear that you are getting psyched up for your new venture. That is worth getting excited about. I love change, I know that some hate it, but few things get me more fired up. It opens your eyes, see the new possibilities. On the quake....yes we have been spending mega-millions around here on seismic retrofits, and that paid off bigtime. But still, we did have tons and tons of materials fall on public sidewalks in downtown Seattle, at 11am on a weekday, and no one got hit. That is miraculous. The quake was a big roller in Seattle, after the sharp first impact, it felt like being in a boat with 2-3 ft waves rolling under you. It was much worse down in Olympia, where the epicenter was.....luckily it was 30 miles deep. That same quake centered under the Seattle area, and a bit shallower and we have major problems. It will happen, could be tomorrow, or a thousand years... Don't be defeated. It's a turning point. Scott

To: Jim Willie CB who wrote (32430)	3/6/2001 3:18:52 AM
From: lurqer	Read Replies (1) \| Respond to of 65232

Doing any chicken scratchin' in the tea leaves these days? May be crazy (pathological <gg>), but from both sentiment indicators and some "tape behavior", there are signs of a short term bullish move "soon". Now since I'm no good at ST calls, "soon" is anywhere from here to the end of next week. What has me worried is without some signs of a change in the economy, the move won't last. Sure the market turns long before the economy, but there has to be some hope of the economy turning. Unless AG shifts into a more emergency mode, that hope is dim any time soon. JMO lurqer