Cash flow is not dead. Cash flow is still a good thing. And the value inherent in companies that produce consistent cash and grow their earnings is very powerful. But with the new economy names, there is now a healthy differentiation between those that are going to be number one or two and the others. That s a good question.
Some people point to stabilization in interest rates.
It is also important to see retail investors keeping their money in the stock market. So we need to see good fund flow numbers into stock market investments. But at the end of the day we are dealing with investor sentiment and emotion, and frankly the fervour had got a bit out of hand. Read our Privacy Policy and Terms and Conditions .