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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (19409)	5/28/1998 6:52:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Russell, I hate to dissappoint you,but if we have an invasion from Mars the satellite,wireless and internet stocks would rally.<VBG> Regards, Barbara

To: robnhood who wrote (19409)	5/28/1998 8:31:00 PM
From: William H Huebl	Read Replies (3) \| Respond to of 94695

Russell, Mutual funds have net OUTFLOWS through yesterday... more being socked away in MMs. Over a month and a half there now, poised to jump into this market. When it starts, Katie bar the door! Bill

To: robnhood who wrote (19409)	5/28/1998 9:02:00 PM
From: Robert Graham	Respond to of 94695

Interesting news about mutual fund inflows. Last month was anemic. If it is true that money inflows has substantially increased closer to what has been the norms for this recent bull market, then this would be evidence to me that we will not see a significant correction or an intermediate term top. Nothing like a liquidity driven market as this year has demonstrated to us, even when it has lost its leadership in the techs. Thank you for this news. I will see if I can find anything else on this. I want to note here that we need to distinguish between mutual fund inflow of money and what the fund is doing with this money: purchasing stock or keeping it in money markets or placing the money in bonds. For instance, as you know there can be high inflows of money, but the mutuals may be sitting this money on the side until the market bottoms. Perhaps this is where the cofusion lies with respect to fund money? Bob Graham

To: robnhood who wrote (19409)	5/28/1998 9:06:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

Saw something today about record inflows into mutual funds... I heard a comment too - that on Tuesday, with the Dow down 150, $400 million came into equity funds. A pretty big number for one day, especially a 150 point down day, right? Well, consider this news from AMG Data Services: Week Ending Equities Taxables Money Markets Municipals This week 05/27/98 $-0.811 B $ 0.744 B $ 4.380 B $ 0.154 B Last week 05/20/98 $ 0.471 B $ 0.461 B $ 8.719 B $ 0.233 B If Tuesday was +$400mm, then the other three days of this short week ended Wed must have been -$400mm each. Good news for us bears, IMO. Wonder how Maria will spin it in the morning. Bob PS: Didn't money markets for last week show +$13bn, not the +$8.7bn they show now?