Listen to the Biderman interview, link posted by "metsin2", this greed factor has reached a level where Trimtabs where they have now stated that they are "aggressively bearish". My response to his post plus link http://cbs.marketwatch.com/news/newsfinder/default.asp?Property=word&Value=trim+tabs&doctype.... <<Posted by: GodfreyDaniels In reply to: metsin2 who wrote msg# 124967 Date:6/30/2003 11:51:43 PM Post #of 125422
Excellent listen in, Biderman is sharp, and has an excellent track record. This is a something Zeev should even like to listen in on:) it is right up Zeev's area of deepest interest i believe; Supply and Demand and Liquidity. I am also pleased to hear Biderman say, market may yet go up more(Maybe)----this the same box i am, yes classic market top, but will it have one more goofus burst, as Biderman says, is their another massive Pension Fund out there to (not in his words) "go looney". I see he , Biderman scorns Pension Funds just as Buffet does, that is when they start plunging into equities you got TOP. I go for his 20-25% drop around the corner. I am going to go read the latest data on RYDX short/long funds.gd p.s. here is MarketWatches brief press release on the Biderman interview but interview itself is a must listen, imo. Thanks for the link. << 2:51pm 06/30/03 Trim Tabs turns "aggressively bearish" on stocks By Julie Rannazzisi NEW YORK (CBS.MW) -- Trim Tabs has turned "aggressively bearish" on stocks due to an onslaught of new corporate offerings and a lack of corporate purchases in the form of stock buybacks. The fund flow tracker also points to widespread bullishness among most investors, a worrisome signal from a contrarian standpoint. While U.S. equity fund inflows slowed in the latest week, Trim Tabs said the second-quarter is on pace to register $40 billion in inflows, the most since the first quarter of last year. Still, that's a far cry from the $93 billion inflow registered during the first-quarter of 2000, when the stock averages peaked.>>
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