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Published byShonda Shepherd Modified over 9 years ago
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Part 1: TrimTabs Liquidity Theory and the Equities Markets Part 2: What the U.S. Government Doesn’t Know it Doesn’t Know and Why We Should Care! Madeline Schnapp, Sr. Research Analyst http://www.trimtabs.com
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The Stock Market CashStock “The purpose of the equity market is to separate investors from their cash.” Charles Biderman
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The Stock Market Cash Stock Market Direction =
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The Stock Market Cash Stock Market Direction =
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There are 3 types of Liquidity Liquidity L1L2L3
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L1 L1 = the Net value of shares available to investors Insider Selling New Offerings Cash Buybacks Cash Takeovers
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L1 – “Float” Insider Selling New Offerings Cash Buybacks Cash Takeovers
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L1 – “Float” Insider Selling New Offerings Cash Buybacks Cash Takeovers
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L1 – Net Liquidity L1 - Bullish L1 - Bearish
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L2 = U.S. Equity Fund Flow
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L2 – U.S. Equity Fund Flow
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L1 and L2 - 1999 thru 2003
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S&P 500 vs. Model Portfolio Value
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What the U.S. Government Doesn’t Know it Doesn’t Know and Why We Should Care! Part II
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Cash $ $ Wages and Salaries Employment
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Wages and Salaries The BEA Way The TrimTabs Way
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BEA Income Data vs.Tax Witholding Data 1990 through 2004
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Employment The BLS Way The TrimTabs Way
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BLS vs. TrimTabs Employment
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Weekly Unemployment Claims
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TrimTabs Online Jobs Postings Index
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Monster Employment Index
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Temporary Help Services
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Money Supply Sentiment Debt Other Indicators
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2004 Turning Out To Be A Good Year Low Interest Rates Tax Cuts $61 Billion 2003 $149 Billion 2004 $88 Billion 2005 $21 Billion 2006 Deficit Spending
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U.S. Budget Deficits/Surpluses 1987 through 2004 (p)
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TrimTabs Financial Research http://www.trimtabs.com
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Questions?
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