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

To: William H Huebl who wrote (23245)	8/4/1998 10:02:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Bill; A.G.E.= Brokerage (A.G. Edward's,) Also adding more on CNBC , to a former post and why people need to use caution if taking all they report as hard facts. As you know Maria often lets slip a TRIM TAB report..on fund flows..well here is what AMG has to say about Trim Tabs. Why are AMG numbers different than Mutual Fund Trim Tabs'? -------------------- Mutual Fund Trim Tabs claims to track daily liquidity for 800 stock & bond funds valued at $500 Billion to estimate fund flows. AMG reports actual flow figures weekly for 12,300 funds valued at $4 Trillion. It is quantitatively inaccurate to extrapolate the Trim Tabs' data set to a wider universe of funds and relate the information to investor demand. Forecasting daily market movement using a limited number of funds results in information without a factual basis. Because the Trim Tabs data does not remove distributions (dividends and capital gains) from the flows, their flow figures are inaccurate in direction and magnitude. ---------------------- To often the CNBC staff ( all likeable ) does not really know how to check the information they put out , or how to evaluate the accuracy of the source of their information, yet they lead the viewer to think it's hard fact, when very often it's not. I don't think when they mislead viewers it's on purpose ( other than having a motive to "ACT" like they "KNOW" such and such is a fact ) In short while they report on many stocks, and can be very informative, most of the staff does not know how to do much of of what we call DD, and relies on reports from outside sources that may have ( and likely often have ) a selfserving motive that goes beyond just reporting the news. -------------- Contrary to what I might sound like, I like CNBC and the staff, I watch, enjoy, and find them entertaining, in fact more so than informative. I regret that when I use to e-mailed them with my rather arrogant critiques , that they responded so hurt and indignant, and requested that I not e-mail them any more. So now they have have someone slip over here on SI to find what I have to say. <G> Jim

To: William H Huebl who wrote (23245)	8/7/1998 9:04:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; We may have done our good deed for the week, month or whatever. Message 5411288 This morning Maria on CNBC was using AGM data instead of the Trim Tabs. She also noted the the Money Markets were flush with cash. 21+B This goes with what I said earlier , it's when the MMs gets the cash that is bullish going forward, not so much when we see it "has run" into stocks, that MM part is the dry powder. I see 19.49B , that's good for next week, if she does retract today I will lower my stop next week is up. Jim