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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (1458)3/10/2001 1:52:44 AM
From: GraceZRead Replies (2) | Respond to of 24758
 
It was a dark day in the market and darned if i can find a positive tune.

While I don't want to discount any of your concerns, but you might want to do what I do when I'm convinced that the whole world around me is going to Hell in a hand basket. I sit on my front deck and I look out and I remember that no matter how bad things seem to me here in America right now, I have it better than 90% of the world's population just by the accident of being born here.



To: Ahda who wrote (1458)3/10/2001 11:51:26 AM
From: AhdaRespond to of 24758
 
latimes.com

Massive Outflow From Stock Funds Has Wall Street on Edge
Investing: Estimates show that $13.4 billion was yanked from funds in February, the largest monthly outflow ever.

"What everybody dreads is a capitulation where it gets circular: The public pulls their money out, forcing fund managers to sell [stocks], which pushes prices down, prompting more people to sell, and so on," said Carl Wittnebert, research director at Santa Rosa-based TrimTabs.com, which estimates mutual fund cash flows.
TrimTabs estimates that a net $13.4 billion was yanked from stock funds in February, which would be the largest monthly outflow ever and the first since August 1998, when investors were rattled by the Asian financial crisis. The Investment Company Institute, the industry's main trade group, will release official February figures at the end of this month.