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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (8799)	10/4/2001 6:07:38 PM
From: stockman_scott	Read Replies (1) \| Respond to of 19219

Outflows slow to a trickle Also: Mutual fund ownership on the rise By Craig Tolliver, CBS.MarketWatch.com Last Update: 5:34 PM ET Oct. 4, 2001 SANTA ROSA, Calif. (CBS.MW) -- Fund holders are timidly returning to U.S. stocks, adding just $200 million to domestic equity mutual funds in the latest week, according to flow analyst Trim Tabs. Overall, stock mutual funds leaked just $812 million over the week ended Wednesday -- a trickle compared with the nearly $19 billion in outflow over the eight-day period after the market reopened on Sept. 17. "The good news is that people's behavior is still in place. They will buy rallies. The bad news is, they're not as enthusiastic as they were. My subjective feeling is that's been in place all along and the attacks probably intensified that a little bit," suggested director of research Carl Wittnebert. While mutual funds investing in U.S. stocks had inflows of an estimated $200 million, vs. outflows of $10 billion the prior week, international equity funds U-turned in the other direction. Investors yanked $1.1 billion from stock funds investing abroad compared with $600 million in inflows the week before. Bond funds reported inflows of $2.6 billion, compared with outflows of $1.1 billion the week previous and hybrids drained off $100 million, adding to outflows of $200 million in the prior week. Mutual Funds Trim Tabs tracks the daily flow of a small sampling of mutual fund companies, representing roughly 15 percent of all equity fund assets, to arrive at its weekly estimates. Money funds add $29 billion Money market mutual fund assets rose by $29 billion in the latest week to $2.229 trillion, according to the Investment Company Institute. Assets of retail money market funds increased by more than $1.6 billion to roughly $1.1 trillion for the week ended Wednesday. Taxable money market fund assets in the retail category decreased by nearly $314 million while tax-exempt fund assets increased by almost $2 billion. Assets of institutional money market funds rose by more than $27 billion, raising total institutional assets above $1.1 trillion for the week. Among institutional funds, taxable money market assets increased by more than $25 billion to nearly $1.1 trillion and tax-exempt assets increased by $2.3 billion to over $78 billion. Fund ownership on the rise More than half of all U.S. households invest in mutual funds according to the latest survey conducted by the Investment Company Institute. The estimated number of U.S. households owning mutual funds grew in May to 54.8 million, or 52 percent of all U.S. households, up from 51.7 million households, or 49 percent of all U.S. households, last year. The number of individuals owning mutual funds rose to 93.3 million from 89.7 million in 2000. As a result, one out of every three individuals in the United States now owns mutual funds, the Washington-based trade group said. ICI attributed the 6 percent rise in household mutual fund ownership in large part to an increase in the percentage of shareholders who invest through defined contribution retirement plans. The research also found an increase in the percentage of investors who own funds outside of employer plans, including through IRAs. _________________________________________ Craig Tolliver is the mutual funds editor for CBS.MarketWatch.com in Los Angeles.

To: High-Tech East who wrote (8799)	10/4/2001 11:25:06 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

if equities do not rally in a big way by next Friday, October 12, we should prepare to retest and probably break the lows in all the major indexes during October 15 - October 26 when the vast majority of Q3 earnings reports will be revealed.. Unless, of course, that it is already factored into the market. Just as peak earnings were getting reported in April 2000 when the market began its collapse.... In other words, in April 2000, the earnings reported were so good - they couldn't get any better. Hence the selloff began as great numbers were getting reported. Today, we know that earnings coming out this quarter will be very bad, that the question arises can or will they get worse? If not, despair is already baked into the cake and that we have no where to go but UP. The market will tell us soon enough. Best Regards, J.T.