Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (13539)	7/19/2002 6:44:37 AM
From: Challo Jeregy	Respond to of 19219

bb - take a look - businessweek.com

To: bobby beara who wrote (13539)	7/19/2002 6:20:59 PM
From: KM	Read Replies (1) \| Respond to of 19219

Bobby: I wanted to stop by and tell you. There's a bear on the cover of Businessweek! *********************************** I thought I'd share this note out from BofA's Tom McManus. Maybe it'll be helpful to someone. By the way, there are no economic indicators of significance being released on Monday. "Fear overcame greed in the mutual fund arena this week. For the seventh consecutive week (and 8 of the past 9), domestic equity mutual funds have been hit with net redemptions, including a whopping -$10.7 billion net outflow in the latest week. The spate of redemptions that occurred around the time of the 911 attacks now pales in comparison to the latest episode. While some observers are clearly concerned about the potential for fund redemptions escalating into some sort of manic equity liquidation, we maintain that outflows from mutual funds are a classic contrarian signal. Reflecting the defensive posture that many investors are now adopting, demand for bond funds is increasing. There is a very hungry-looking bear on the cover of this week's issue of BusinessWeek. According to Investor's Intelligence, bearish newsletter writers outnumber bulls for the first time since September 2001, and October 1998 before that." I'm 400% long at the close. On major margin. Rock and Roll.