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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (339144)	7/26/2007 1:11:58 PM
From: Secret_Agent_Man	Respond to of 436258

not allowed, this headline kills me-Gold demand slackens as prices head up?????

To: MythMan who wrote (339144)	7/26/2007 1:21:04 PM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

FWIW, TrimTabs Buddy here says buy 'em while you can -- U.S. mutual-fund assets drop $5.5 billion Second biggest sell-off in 2007 seen as investors panic over credit meltdown By Murray Coleman, MarketWatch Last Update: 1:11 PM ET Jul 26, 2007 SAN FRANCISCO (MarketWatch) -- Outflows in U.S. mutual funds on Tuesday hit an estimated $5.5 billion, according to TrimTabs Investment Research. That would amount to the second-biggest outflow of the year, according to the data tracking firm. Only a $6.5 billion outflow on Feb. 27 was greater. "Fear and ignorance seem to be gripping retail investors these days," said Charles Biderman, chief executive of Santa Rosa, Calif.-based TrimTabs on Thursday, pointing to ongoing concerns about subprime lending and slumping housing markets. "There's no credit risk; no bank is going to lose money on this subprime fear," he added. "Income-tax collections are strong and you don't have a housing collapse when wage income and job growth are surging." Biderman said that Tuesday's outflows seem to have trickled into Wednesday, although final estimates won't' be available until later in the week. "This is a complete panic by individual investors," he commented. "They just don't know what's going on." The executive is advising that investors take lower pricing in stocks as an opportunity to buy more of their favorite mutual funds. "Credit markets have been lending outrageous sums on very favorable terms. But it's not like they're stopping completely. They're just slowing down," Biderman said. "Companies will continue to buy other companies." marketwatch.com{88D64DA2-CA6E-4F39-81AA-440FD495ED90}