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TrimTabs Records Short Interest on Russell 3,000 Falls by 0.4% in the Second Half of June. Net short Selling in Seven of Ten Major Sectors
Sausalito, CA - June 26th, 2009 - In the first half of June (Jun 1-15), short interest on the Russell 3,000 stocks fell to 13.37 billion shares ($269 billion / 2.82% of market cap) from 13.42 billion shares ($265 billion / 2.80% of market cap) on May 29.

There was net short selling in seven of the ten major sectors with Energy and Health Care receiving the largest short interest inflows of $1.2 billion and $938 million, respectively. The sectors with the greatest short covering were Financials and Utilities, which posted short interest outflows of $459 million and $199 million, respectively.
TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Records Short Interest on Russell 3,000 Falls by 2.4% in the Second Half of April. Heavy Short Covering in Consumer Discretionary and Information Technology
Sausalito, CA - May 12th, 2009 - In the second half of April (Apr 16-30), short interest on the Russell 3,000 stocks dropped to 13.62 billion shares ($260 billion / 2.88% of market cap) from 13.95 billion shares ($259 billion / 2.94% of market cap) on March 31.

There was net short covering in eight of the ten major sectors with Consumer Discretionary and Information Technology receiving the largest short interest outflows of $3.1 billion and $2.5 billion, respectively. The only sectors with net short selling were Health Care and Utilities, in which traders opened new short positions worth $457 million and $183 million, respectively.
TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Investment Research Estimates US Economy Shed 745,000 Jobs in April
Sausalito, CA - May 6th, 2009 - TrimTabs Investment Research estimated today that the U.S. economy shed 745,000 jobs in April as wages and salaries plunged an adjusted 5.7% year-over-year. TrimTabs estimated that the economy shed a record 5 million jobs in the past 12 months.

"If job losses continue at the present rate, the unemployment rate could top 10% by summer," said TrimTabs CEO Charles Biderman.

In a research note, TrimTabs reported that income tax refunds are up 16.5% year-over-year this year, providing a short-term boost to consumption. Unfortunately for the economy, however, the support from refunds is winding down.

Moreover, TrimTabs explained that President Obama’s "Making Work Pay" tax credit is too small to help the economy over the longer term. "The Obama tax credit will distribute $20 billion to consumers from May through July," said Biderman. "This amount is less than one-quarter of the $90 billion the Bush tax credit pumped into consumers’ pocketbooks in the same period last year."

Finally, TrimTabs reported that real-time income tax data indicates that the personal savings rate was 1.6% in March, well below the 4.2% estimated by the Bureau of Economic Analysis.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Redeemed $5.2 Billion in Week Ended Wednesday, April 15
Sausalito, CA - April 16th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds redeemed $5.2 billion in the week ended Wednesday, April 15, versus a revised inflow of $3.8 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $3.0 billion, versus a revised inflow of $3.2 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $2.2 billion, versus a revised inflow of $563 million in the previous week. In addition, bond funds had an inflow of $27 million, versus a revised inflow of $6.7 billion in the previous week, and hybrid funds had an outflow of $50 million, versus a revised inflow of $550 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $4.5 billion, versus an outflow of $1.4 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.3 billion, versus an inflow of $1.9 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Records Net Short Covering of $2.8 Billion in the Second Half of March
Sausalito, CA - April 14th, 2009 - TrimTabs Investment Research estimates that in the second half of March (Mar 16-31), traders closed $2.8 billion in short positions on the Russell 3,000 stocks, reducing the aggregate short interest to 14.35 billion shares ($238 billion / 2.90% of market cap) on March 31 from 14.28 billion shares ($227 billion / 2.92% of market cap) on March 13. This was the first short interest outflow since the second half of January.

There was net short covering in seven of the ten major sectors with Consumer Discretionary and Information Technology receiving the largest short interest outflows of $2.1 billion and $1.1 billion, respectively. Financials and Health Care had the greatest net short selling of $2.0 billion and $354 million, respectively.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $11.9 Billion in Week Ended Wednesday, April 8th
Sausalito, CA - April 9th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $11.9 billion in the week ended Wednesday, April 8th, versus a revised inflow of $3.0 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $11.1 billion, versus a revised inflow of $2.7 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $844 million, versus a revised inflow of $287 million in the previous week. In addition, bond funds had an inflow of $1.7 billion, versus a revised inflow of $6.8 billion in the previous week, and hybrid funds had an inflow of $361 million, versus a revised inflow of $409 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.4 billion for the second consecutive week. ETFs that invest in non-U.S. stocks had an inflow of $1.9 billion, versus an inflow of $502 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Redeemed $11.2 Billion in Week Ended Wednesday, April 1
Sausalito, CA - April 2nd, 2009 - TrimTabs Investment Research estimates that all equity mutual funds redeemed $11.2 billion in the week ended Wednesday, April 1, versus a revised inflow of $1.7 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $8.5 billion, versus a revised inflow of $2.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $2.8 billion, versus a revised outflow of $557 million in the previous week. In addition, bond funds had an inflow of $2.9 billion, versus a revised inflow of $7.1 billion in the previous week, and hybrid funds had an inflow of $810 million, versus a revised inflow of $451 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.4 billion, versus an outflow of $5.0 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $502 million, versus an inflow of $1.6 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Investment Research Estimates 700,000 to 750,000 Jobs Lost in March; Job Loss of 4.3 Million in Past Twelve Months Biggest since 1970
Sausalito, CA - April 1st, 2009 - TrimTabs Investment Research estimated today that the U.S. economy lost 700,000 to 750,000 jobs in March as wages and salaries plunged 4.5% year-over-year. TrimTabs estimated that the economy shed 4.3 million jobs in the past 12 months, the largest annual job loss since 1970.

"Job losses have been accelerating in recent months," said Charles Biderman, CEO of TrimTabs. "Investors who think the economy is bottoming out are going to get quite a shock this spring." TrimTabs uses daily income tax withholdings into the U.S. Treasury to estimate changes in employment. According to TrimTabs, the country lost 2.1 million jobs in the past three months and 3.4 million jobs in the past six months.

"For the job loss in March, we refer to a range rather than an exact figure because several special factors skewed the withholdings data," Biderman said.

"For the job loss in March, we refer to a range rather than an exact figure because several special factors skewed the withholdings data," Biderman said. In a research note, TrimTabs explained that withholding tax rates are changing April 1 due to the "Making Work Pay" tax credit. Lower executive compensation and wage reductions are also depressing growth in withholdings.

In addition, TrimTabs reported that the personal savings rate in February was much lower than the 4.2% reported by the Bureau of Economic Analysis. "Real-time income tax data indicates that personal income is plummeting and that the savings rate was no more than 0.9% in February," said Biderman. "The only reason the savings rate was positive was that income tax refunds were up sharply relative to last year."

The key macroeconomic and liquidity indicators TrimTabs tracks show no sign of a bottom for the economy."The economy is still contracting a lot more rapidly than the government is reporting," noted Biderman.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $10.7 Billion in Week Ended Wednesday, March 25
Sausalito, CA - March 26th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $10.7 billion in the week ended Wednesday, March 25, versus a revised outflow of $233 million in the previous week.

Equity funds that invest primarily in US stocks posted an outflow of $9.8 billion, versus a revised inflow of $131 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $921 million, versus a revised outflow of $364 million in the previous week. In addition, bond funds had an inflow of $3.5 billion, versus a revised inflow of $5.6 billion in the previous week, and hybrid funds had an outflow of $323 million, versus a revised outflow of $201 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in US stocks posted an outflow of $5.0 billion, versus an inflow of $891 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.6 billion, versus an inflow of $126 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $12.5 Billion in Week Ended Wednesday, March 18
Sausalito, CA - March 19th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $12.5 billion in the week ended Wednesday, March 18, versus a revised outflow of $22.1 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $12.0 billion, versus a revised outflow of $14.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $459 million, versus a revised outflow of $7.7 billion in the previous week. In addition, bond funds had an outflow of $274 million, versus a revised inflow of $901 million in the previous week, and hybrid funds had an outflow of $82 million, versus a revised outflow of $2.8 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $891 million, versus an inflow of $132 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $126 million, versus an outflow of $450 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Redeemed $8.8 Billion in Week Ended Wednesday, March 11th
Sausalito, CA - March 12th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds redeemed $8.8 billion in the week ended Wednesday, March 11, versus a revised outflow of $19.7 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $3.1 billion, versus a revised outflow of $13.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $5.7 billion, versus a revised outflow of $6.4 billion in the previous week. In addition, bond funds had an outflow of $1.5 billion, versus a revised inflow of $1.6 billion in the previous week, and hybrid funds had no net flows this week, versus a revised outflow of $3.0 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $132 million, versus an inflow of $592 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $450 million, versus an outflow of $1.2 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $29.9 Billion in Week Ended Wednesday, March 4th
Sausalito, CA - March 5th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $29.9 billion in the week ended Wednesday, March 4th, versus a revised outflow of $18 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $19.8 billion, versus a revised outflow of $12.4 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $10.1 billion, versus a revised outflow of $5.6 billion in the previous week. In addition, bond funds had an inflow of $1.1 billion, versus a revised inflow of $3.5 billion in the previous week, and hybrid funds had an outflow of $5.3 billion, versus a revised outflow of $2.6 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $592 million, versus an outflow of $739 million, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $1.2 billion, versus an outflow of $540 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates U.S. Lost 778,000 Jobs in February
Job Losses Top 3 Million in Past Six Months
Sausalito, CA - March 4th, 2009 - Sausalito, CA – March 4th, 2009 – TrimTabs Investment Research estimated today that the U.S. economy shed 778,000 jobs in February, the biggest job loss of the recession so far

"The economy lost 2.1 million jobs in the past three months, equal to a staggering 1.6% of the entire work force," said Charles Biderman, CEO of TrimTabs. "These job losses are the largest as a percentage of the labor force since February 1975."

TrimTabs uses daily income tax withholdings into the U.S. Treasury to estimate changes in employment. Withholdings plunged 4.1% year-over-year in February.

"Unfortunately for American workers, there is no end in sight to the economic slump," noted Biderman. "We expect the economy to lose at least 650,000 jobs in each of the next four to six months."

Other indicators confirm that the labor market is contracting rapidly. The TrimTabs Online Job Postings Index fell 3.6% in February and is down 38.7% from its interim peak in mid-2008. Also, weekly unemployment claims exceeded 600,000 in each of the past four weeks, and continuing unemployment claims broke the 5 million mark last week.

"Real-time data leaves little doubt the economy is in a free fall unlike any since the 1930s," said Biderman. "Widespread hopes that the economy will recover in late 2009 are going to be dashed, which will knock stock prices even lower."


TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Reports Net Short Selling of $8.1 Billion in the First Half of February
Sausalito, CA - February 27th, 2009 - In the first half of February (Feb 2-13), traders opened $8.1 billion in new short positions on the Russell 3000 stocks, raising the aggregate short interest to 12.52 billion shares ($226 billion / 2.89% of market cap) on February 13 from 12.31 billion shares ($230 billion / 2.66% of market cap) on January 30.

There was net short selling in nine of the ten of the major sectors with Consumer Discretionary and Information Technology receiving the largest short interest inflows of $2.5 billion and $2.1 billion, respectively. The only sector with net short covering was Utilities, which had a short interest outflow of $118 million.


TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $22.7 Billion in Week Ended Wednesday, February 25
Sausalito, CA - February 26th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $22.7 billion in the week ended Wednesday, February 25th, versus a revised outflow of $977 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $18.2 billion, versus a revised inflow of $365 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $4.6 billion, versus a revised outflow of $1.3 billion in the previous week. In addition, bond funds had an outflow of $2.1 billion, versus a revised inflow of $4.4 billion in the previous week, and hybrid funds had an outflow of $864 million, versus a revised outflow of $366 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $739 million, versus an outflow of $6.9 billion, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $540 million, versus an outflow of $203 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $10.7 Billion in Week Ended Wednesday, February 18th
Sausalito, CA - February 19th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $10.7 billion in the week ended Wednesday, February 18th, versus a revised outflow of $2.4 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $6.3 billion, versus a revised outflow of $460 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $4.3 billion, versus a revised outflow of $2.0 billion in the previous week. In addition, bond funds had an outflow of $4.8 billion, versus a revised inflow of $5.8 billion in the previous week, and hybrid funds had an outflow of $1.5 billion, versus a revised outflow of $186 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $6.9 billion, versus an outflow of $6.3 billion, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $203 million, versus an inflow of $419 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $1.8 Billion in Week Ended Wednesday, February 11th
Sausalito, CA - February 12th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $1.8 billion in the week ended Wednesday, February 11th, versus a revised outflow of $739 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $476 million, versus a revised outflow of $8 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $1.3 billion, versus a revised outflow of $731 million in the previous week. In addition, bond funds had an outflow of $361 million, versus a revised inflow of $5.1 billion in the previous week, and hybrid funds had an outflow of $114 million, versus a revised outflow of $638 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $6.3 billion, versus an outflow of $943 million, in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $419 million, versus an inflow of $132 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $7.9 Billion in Week Ended Wednesday, February 4th
Sausalito, CA - February 5th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $7.9 billion in the week ended Wednesday, February 4, versus a revised outflow of $2. billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $4.4 billion, versus a revised outflow of $2.8 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $3.5 billion, versus a revised outflow of $130 million in the previous week. In addition, bond funds had an outflow of $3.3 billion, versus a revised inflow of $3.2 billion in the previous week, and hybrid funds had an outflow of $1.1 billion, versus a revised outflow of $334 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $943 million, versus an inflow of $1.8 billion, in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $132 million, versus an outflow of $814 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $6.5 Billion in Week Ended Wednesday, January 28
Sausalito, CA - January 29th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $6.5 billion in the week ended Wednesday, January 28, versus an outflow of $138 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $5.1 billion, versus an inflow of $1.0 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $1.4 billion, versus an outflow of $1.2 billion in the previous week. In addition, bond funds had an inflow of $1.5 billion, versus an outflow of $4.5 billion in the previous week, and hybrid funds had an inflow of $459 million, versus an outflow of $1.4 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $1.8 billion, versus an outflow of $4.2 billion, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $814 million, versus an outflow of $1.8 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Reports Net Short Selling of $8.9 Billion in the First Half of January
Sausalito, CA - January 28th, 2009 - In the first half of January (Jan 1-15), traders opened $8.9 billion in new short positions on the Russell 3000 stocks, raising the aggregate short interest from 12.1 billion shares ($238 billion / 2.59% of market cap) on December 31st to 12.3 billion shares ($230 billion / 2.66% of market cap) on January 15th. Although the total number of shares short increased in the first half of January, the value of the short interest fell because the market value of those shares fell over this period.

There was net short selling in all ten of the major sectors with Information Technology and Consumer Discretionary receiving the largest short interest inflows of $2.6 billion and $1.5 billion, respectively.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $138 Million in Week Ended Wednesday, January 21st
Sausalito, CA - January 22nd, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $138 million in the week ended Wednesday, January 21, versus an outflow of $13.3 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $1.0 billion, versus an inflow of outflow of $8.7 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $1.2 billion, versus an outflow of $4.5 billion in the previous week. In addition, bond funds had an outflow of $4.5 billion, versus an inflow of $3.9 billion in the previous week, and hybrid funds had an outflow of $1.4 billion, versus an inflow of $1.2 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $4.2 billion, versus an outflow of $6.3 billion, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $1.8 billion, versus an inflow of $450 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $13.3 Billion in Week Ended Wednesday, January 14
Sausalito, CA - January 15th, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $13.3 billion in the week ended Wednesday, January 14, versus an inflow of $6.4 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $8.7 billion, versus an inflow of $5.8 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $4.5 billion, versus an inflow of $613 million in the previous week. In addition, bond funds had an inflow of $3.9 billion, versus an inflow of $5.5 billion in the previous week, and hybrid funds had an inflow of $1.2 billion versus an inflow of $1.7 billion in the previous week.

Seperately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $6.3 billion, versus an inflow of $909 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $450 million, versus an inflow of $1.8 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $6.4 Billion in Week Ended Wednesday, January 7th
Sausalito, CA - January 8th, 2009 – TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $6.4 billion in the week ended Wednesday, January 7th, versus an outflow of $1.2 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $5.8 billion, versus an inflow of $1.7 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $613 million, versus an outflow of $2.9 billion in the previous week. In addition, bond funds had an inflow of $5.5 billion, versus an outflow of $2.8 billion in the previous week, and hybrid funds had an inflow of $1.7 billion, versus an outflow of $877 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $909 million, versus an outflow of $1.3 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.8 billion, versus an outflow of $207 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $1.2 Billion in Week Ended Wednesday, December 31st
Sausalito, CA - January 2nd, 2009 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $1.2 billion in the week ended Wednesday, December 31, versus an outflow of $15.5 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $1.7 billion, versus an outflow of $9.5 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $2.9 billion, versus an outflow of $6.0 billion in the previous week. In addition, bond funds had an outflow of $2.8 billion, versus an outflow of $2.5 billion in the previous week, and hybrid funds had an outflow of $877 million, versus an outflow of $800 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.3 billion, versus an inflow of $7.8 billion in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $207 million, versus an inflow of $1.2 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Lost $15.5 Billion in Week Ended Wednesday, December 24th
Sausalito, CA - December 26th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $15.5 billion in the week ended Wednesday, December 24th, versus an outflow of $6.0 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $9.5 billion, versus an outflow of $5.6 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $6.0 billion, versus an outflow of $389 million in the previous week. In addition, bond funds had an outflow of $2.5 billion, versus an outflow of $4.1 billion in the previous week, and hybrid funds had an outflow of $800 million, versus an outflow of $1.3 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $7.8 billion, versus an inflow of $11.6 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.2 billion, versus an inflow of $3.8 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $6.0 Billion in Week Ended Wednesday, December 17
Sausalito, CA - December 18th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $6.0 billion in the week ended Wednesday, December 17, versus an outflow of $2.8 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $5.6 billion, versus an outflow of $1.7 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $389 million, versus an outflow of $1.1 billion in the previous week. In addition, bond funds had an outflow of $4.1 billion, versus an outflow of $10.6 billion in the previous week, and hybrid funds had an outflow of $1.3 billion, versus an outflow of $3.5 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $11.6 billion, versus an inflow of $8.4 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $3.8 billion, versus an inflow of $2.9 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $2.8 Billion in Week Ended Wednesday, December 10th
Sausalito, CA - December 11th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $2.8 billion in the week ended Wednesday, December 10, versus an outflow of $12.1 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $1.7 billion, versus an outflow of $8.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $1.1 billion, versus an outflow of $3.8 billion in the previous week. In addition, bond funds had an outflow of $10.6 billion, versus an outflow of $6.8 billion in the previous week, and hybrid funds had an outflow of $3.5 billion, versus an outflow of $2.2 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $8.4 billion, versus inflow of $920 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow $2.9 billion, versus inflow $643 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Reports Net Short Selling of $11.9 Billion in 2nd Half of November
Sausalito, CA - December 10th, 2008 - TrimTabs reports that US equity traders opened $11.9 billion in new short positions in the second half of November (November 15-28), driving the aggregate short interest on the Russell 3000 stocks to a six-week high of $236 billion. Short interest increased in eight of the ten major sectors with Financials and Industrials receiving the largest short interest inflows of $6.3 billion and $2.9 billion, respectively. The only two sectors with net short covering were Consumer Staples and Energy, in which traders covered $1.7 billion and $1.5 billion, respectively.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $12.1 Billion in Week Ended Wednesday, December 3rd
Sausalito, CA - December 4th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $12.1 billion in the week ended Wednesday, December 3rd, versus an inflow of $10.4 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $8.3 billion, versus an inflow of $6.8 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $3.8 billion, versus an inflow of $3.6 billion in the previous week. In addition, bond funds had an outflow of $6.8 billion, versus an outflow of $7.4 billion in the previous week, and hybrid funds had an outflow of $2.2 billion, versus an outflow of $2.4 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $920 million, versus inflow of $4.3 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow $643 million, versus inflow $1.5 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $10.4 Billion in Week Ended Wednesday, November 26th
Sausalito, CA - November 28th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $10.4 billion in the week ended Wednesday, November 26, versus an outflow of $19.5 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $6.8 billion, versus an outflow of $12.2 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $3.6 billion, versus an outflow of $7.2 billion in the previous week. In addition, bond funds had an outflow of $7.4 billion, versus an outflow of $13.0 billion in the previous week, and hybrid funds had an outflow of $2.4 billion, versus an outflow of $4.6 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $4.3 billion, versus inflow of $6.7 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow $1.5 billion, versus an inflow $1.1 billion in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $19.5 Billion in Week Ended Wednesday, November 19th
Sausalito, CA - November 20th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $19.5 billion in the week ended Wednesday, November 19, versus an outflow of $31.8 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $12.2 billion, versus an outflow of $21.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $7.2 billion, versus an outflow of $10.5 billion in the previous week. In addition, bond funds had an outflow of $13.0 billion, versus an outflow of $6.3 billion in the previous week, and hybrid funds had an outflow of $4.6 billion, versus an outflow of $2.2 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $6.7 billion, versus inflow of $3.9 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow $1.1 billion, versus an outflow $107 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $31.8 Billion in Week Ended Wednesday, November 12
Sausalito, CA - November 13th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $31.8 billion in the week ended Wednesday, November 12, versus an inflow of $2.2 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $21.3 billion, versus an inflow of $2.3 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $10.5 billion, versus an outflow of $140 million in the previous week. In addition, bond funds had an outflow of $6.3 billion, versus an inflow of $518 million in the previous week, and hybrid funds had an outflow of $2.2 billion, versus an inflow of $184 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $3.9 billion, versus inflow of $885 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow $107 million, versus an inflow $2,048 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Inflow of $2,186 Million in Week Ended Wednesday, November 5
Sausalito, CA - November 6th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $2,186 million in the week ended Wednesday, November 5, versus an outflow of $9,227 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $2,326 million, versus an outflow of $7,051 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $140 million, versus an outflow of $2,176 million in the previous week. In addition, bond funds had an inflow of $518 million, versus an outflow of $5,867 million in the previous week, and hybrid funds had an inflow of $184 million, versus an outflow of $2,751 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $885 million, versus inflow of $903 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow $2,048 million, versus an inflow $1,226 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $9,227 Million in Week Ended Wednesday, October 29
Sausalito, CA - October 30th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $9,227 million in the week ended Wednesday, October 29, versus an outflow of $6,470 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $7,051 million, versus an outflow of $1,920 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $2,176 million, versus an outflow of $4,540 million in the previous week. In addition, bond funds had an outflow of $5,867 million, versus an inflow of $532 million in the previous week, and hybrid funds had an outflow of $2,751 million, versus an inflow of $249 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $903 million, versus outflow of $1,790 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow $1,226 million, versus an inflow $426 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.79 billion, versus inflow of $4.21 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow $426 million, versus an inflow of $522 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $6.47 Billion in Week Ended Wednesday, October 22
Sausalito, CA - October 23rd, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $6.47 billion in the week ended Wednesday, October 22, less than half the outflow of $13.94 billion recorded in the previous week.

Outflows from equity mutual funds remain well on their way to setting all-time highs for October. August, September and October of 2008 are the three worst months on record for mutual fund outflows.

Equity funds that invest primarily in U.S. stocks posted an outflow of $1.92 billion, versus an outflow of $7.85 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $4.54 billion, versus an outflow of $6.09 billion in the previous week. In addition, bond funds had an inflow of $532 million, versus an outflow of $15.06 billion in the previous week; and hybrid funds had an inflow of $249 million, versus an outflow of $7.06 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.79 billion, versus inflow of $4.21 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow $426 million, versus an inflow of $522 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $13,937 Million in Week Ended Wednesday, October 15
Sausalito, CA - October 16th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $13,937 million in the week ended Wednesday, October 15, a three-fold decrease from the outflow of $43,301 million in the previous week.

Outflows from U.S. equity funds, global equity funds, and bond funds are on track to set all-time highs in October. Bond funds have experienced the most ferocious selling, losing an estimated $35,261 million (2.49% of assets) this month.

Equity funds that invest primarily in U.S. stocks posted an outflow of $7,851 million, versus an outflow of $27,326 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $6,087 million, versus an outflow of $15,975 million in the previous week. In addition, bond funds had an outflow of $15,061 million, versus an outflow of $8,801 million in the previous week; and hybrid funds had an outflow of $7,062 million, versus an outflow of $4,126 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $4,209 million, versus an inflow of $4,052 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $522 million versus an outflow of $474 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
Conrad.Gann@trimtabs.com

Capitulation? Trimtabs Estimates Mutual Fund Investors Redeem $19 Billion Friday, October 10 & $65 Billion All of Last Week. Bond Funds Post 14 Consecutive Days of Outflows.
Sausalito, CA – October 13, 2008 - The stock market sell-off has triggered record redemptions from retail investors. Trimtabs estimates that equity mutual funds had an estimated $8.8 billion outflow on Friday, October 10, alone ($5.6 billion from U.S. Equity Funds and $3.2 billion from Global Equities) while bond funds had a record $10.2 billion one day outflow. For last week as a whole outflows were a whopping $65 billion, $40 billion from equity funds ($25.9 from U.S Equity, $14.1 billion from Global Equity and $25.5 billion from bonds). The $55.8 billion in equity fund redemptions so far in October, which would be the largest outflow since the ICI records started in 1984, easily surpasses the prior record set in July 2002, when $52.6 billion was withdrawn from equity funds.

Investors have also lost confidence in bond funds – a major difference from prior sell-offs. Bond funds lost $28.5 billion (1.4% of assets) in October and posted 14 consecutive days of outflows. The only funds spared from redemptions are government bond funds. Not only are bond funds having withdrawals, but so are institutional money market funds and bank savings accounts.

Where’s the money going? Only two places. Bank checking accounts (demand deposits) and U.S. Treasury Bonds.

While we have no way of knowing in advance if Friday, October 10 was the stock market bottom, but whenever individual investors panic to the extreme, the likelihood is we have seen at least a short term bottom in equities.

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $43,301 Million in Week Ended Wednesday, October 8
Sausalito, CA - October 9th, 2008 - Sausalito, CA – October 9, 2008 – TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $43,301 million in the week ended Wednesday, October 8, versus an outflow of $7,159 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $27,326 million versus an outflow of $3,288 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $15,975 million versus an outflow of $3,871 million in the previous week. In addition, bond funds had an outflow of $8,800 million versus an outflow of $8,144 million in the previous week, and hybrid funds had an outflow of $4,126 million versus an outflow of $3,818 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $4,052 million versus an inflow of $15,137 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $474 million versus an inflow of $2,041 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $7,159 Million in Week Ended Wednesday, October 1
Sausalito, CA - October 2nd, 2008 - Sausalito, CA – October 2, 2008 – TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $7,159 million in the week ended Wednesday, October 1, versus an outflow of $6,327 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $3,288 million versus an outflow of $492 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $3,871 million versus an outflow of $5,835 million in the previous week. In addition, bond funds had an outflow of $8,144 million versus an outflow of $5,951 million in the previous week, and hybrid funds had an outflow of $3,818 million versus an outflow of $2,256 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $15,137 million versus an inflow of $16,590 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $2,041 million versus an inflow of $3,288 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Estimates 231,000 September Job Loss
Mutual Funds Show Huge Sept. Outflows With Flight to Mattress Equivalents
Sausalito, CA - September 30th, 2008 - TrimTabs Investment Research estimated today that the U.S. lost 231,000 jobs in September spurred by the credit crisis which has caused a virtual employer hiring strike. TrimTabs, which makes its estimates based on the daily withholding tax inflows into the U.S. Treasury of all salaried employees, estimates that the U.S. lost 974,000 jobs this year.

TrimTabs said that amid the credit crisis and economic uncertainty there was a $41 billion outflow from equity mutual funds and a $22 billion outflow from bond funds for the month through Friday, September 26, even before Monday’s market meltdown in which stocks lost $1.4 billion in value. TrimTabs said the September fund flows through Sept. 26 compares with outflows from equity funds of $75 billion and inflows of $95 billion into bond funds for the eight months of 2008 through August 31.

"Money is leaving the stock market and money market funds for the equivalent of the mattress, seeking safety in Treasuries and accounts in strong banks," said TrimTabs CEO Charles Biderman. "Individuals are scared and have no confidence in our system and whether our leaders know what they are doing. Biderman said, “There is a huge amount of sideline cash that wants to return to the stock market. What’s necessary for that to happen is a return of confidence in the system."

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $6,327 Million in Week Ended Wednesday, September 24
Sausalito, CA - September 25th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $6,327 million in the week ended Wednesday, September 24, versus an outflow of $17,852 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $492 million versus an outflow of $10,379 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $5,835 million versus an outflow of $7,473 million in the previous week. In addition, bond funds had an outflow of $5,951 million versus an outflow of $6,741 million in the previous week, and hybrid funds had an outflow of $2,256 million versus an outflow of $4,118 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $16,590 million versus an inflow of $9,117 million in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $3,288 million versus an outflow of $116 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $17,852 Million in Week Ended Wednesday, September 17
Sausalito, CA - September 18th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $17,852 million in the week ended Wednesday, September 17, versus an outflow of $11,926 million in the previous week.

"The global stock market sell-off has thrown mutual fund investors into a full-blown panic,” said Charles Biderman, CEO of TrimTabs. “Last week’s outflow from equity funds was the highest so far this year."

Equity funds that invest primarily in U.S. stocks posted an outflow of $10,379 million versus an outflow of $5,284 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $7,473 million versus an outflow of $6,642 million in the previous week. In addition, bond funds had an outflow of $6,741 million versus an inflow of $535 million in the previous week, and hybrid funds had an outflow of $4,118 million versus an inflow of $203 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $9,117 million versus an inflow of $4,613 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $116 million versus an outflow of $891 million in the previous week. "Horrific losses in Financials do not seem to have dissuaded investors from bottom fishing in the sector," noted Biderman. TrimTabs reports that Financials ETFs issued $1,336 million (5.3% of assets) last week. This inflow was the higher as a percentage of assets than the inflow of any other sector ETF category.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $11,926 Million in Week Ended Wednesday, September 10
Sausalito, CA - September 11th, 2008 TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $11,926 million in the week ended Wednesday, September 10, more than double the outflow of $4,790 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $5,284 million versus an outflow of $2,188 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $6,642 million versus an outflow of $2,602 million in the previous week. In addition, bond funds had an inflow of $535 million versus an outflow of $207 million in the previous week, and hybrid funds had an inflow of $203 million versus an outflow of $78 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $4,613 million versus an inflow of $6,042 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $891 million versus an outflow of $171 million in the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

Hedge Funds Get $10.4 Billion in July, Down from Inflow of $16.1 Billion in June. Hedge Funds Lose 3.2% in July and 2.1% Year-to-Date, Worst Performance on Record.
Sausalito, CA – September 10, 2008 - TrimTabs Investment Research and BarclayHedge today reported that all hedge funds posted an estimated inflow of $10.4 billion in July, down from an inflow of $16.1 billion in June.

"Investors are noticing the poor absolute performance of hedge funds and are sending less money their way," said Sol Waksman, Chief Executive Officer of BarclayHedge. "Hedge funds received $92 billion in the first seven months of 2008, which is 52% less than the inflow of $192 billion in the same period last year." In a research note, TrimTabs and BarclayHedge calculated that the hedge fund industry lost 3.2% in July and 2.1% so far this year. These returns are the worst since the BarclayHedge database began in 2000.

"The short-term outlook for hedge funds is grim,” said Conrad Gann, Chief Operating Officer of TrimTabs. “July’s big losses will probably trigger redemptions in August. Also, the short U.S. dollar trade, which explains half of hedge funds’ returns in the past two years, could be a headwind for the industry. The pace at which hedge funds adjust to a stronger dollar will be crucial for their performance." The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of those flows as well as relevant topical studies. This month’s study assesses the relationship between hedge funds returns and U.S. dollar returns. For further information, please visit http://www.barclayhedge.com/products/trimtabs-hedge-fund-flow-report.html.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit www.TrimTabs.com.

Contact Information:

Alison Simard
Media Relations
Stern & Company
+1 323-650-7117
arsimard@sternco.com

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

During Week Ended Wednesday, September 3, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $4,790 million.
Sausalito, CA - September 4th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $4,790 million during the week ended Wednesday, September 3, versus an outflow of $511 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $2,188 million versus an inflow of $509 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $2,602 million versus an outflow of $1,019 million during the previous week. In addition, bond funds posted outflows of $207 million versus inflows of $1,745 million during the previous week and hybrid funds had outflows of $78 million versus inflows of $670 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $6,042 million during the last week versus outflows of $1,484 million during the previous week. ETFs that invest in non-U.S. stocks had outflows of $91 million versus outflows of $659 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990.

See www.TrimTabs.com

CONTACT:

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

During Week Ended Wednesday, August 27th, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $511 million.
Sausalito, CA - August 28th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $511 million during the week ended Wednesday, August 27, versus an outflow of $5,135 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $509 million versus an outflow of $2,009 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $1,019 million versus an outflow of $3,127 million during the previous week. In addition, bond funds posted inflows of $1,745 million versus inflows of $387 million during the previous week and hybrid funds had inflows of $670 million versus inflows of $148 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had outflows of $1,484 million during the last week versus outflows of $345 million during the previous week. ETFs that invest in non-U.S. stocks had outflows of $659 million versus outflows of $680 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, August 20, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $5,135 million.
Sausalito, CA - August 21st, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $5,135 million during the week ended Wednesday, August 20, versus an outflow of $3,932 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $2,009 million versus an outflow of $297 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $3,127 million versus an outflow of $3,635 million during the previous week. In addition, bond funds posted inflows of $387 million versus inflows of $1,181 million during the previous week and hybrid funds had inflows of $148 million versus inflows of $454 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had outflows of $345 million during the last week versus inflows of $4,786 million during the previous week. ETFs that invest in non-U.S. stocks had outflows of $680 million versus inflows of $171 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, August 13, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $3,932 million.
Sausalito, CA - August 14th, 2008- TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $3,932 million during the week ended Wednesday, August 13, versus an outflow of $2,987 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $297 million versus an outflow of $447 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $3,635 million versus an outflow of $2,540 million during the previous week. In addition, bond funds posted inflows of $1,181 million versus outflows of $531 million during the previous week and hybrid funds had inflows of $454 million versus outflows of $204 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $4,786 million during the last week versus inflows of $5,042 million during the previous week. ETFs that invest in non-U.S. stocks had inflows of $171 million versus inflows of $238 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

Hedge Funds Get $15.7 Billion in June, Little Changed from Inflow of $16.9 Billion in May. Hedge Fund Inflows in First Half of 2008 Down 58% from Year-Ago Period.
Sausalito, CA – August 12, 2008 - TrimTabs Investment Research and BarclayHedge today reported that all hedge funds posted an estimated inflow of $15.7 billion in June, nearly equal to the inflow of $16.9 billion in May.

"Hedge funds have been attracting much less money as their performance has deteriorated in absolute terms," said Sol Waksman, Chief Executive Officer of BarclayHedge. "The $79.6 billion inflow into hedge funds in the first half of 2008 is down 58% from the same period a year earlier."

In a research note, TrimTabs and BarclayHedge calculated that the hedge fund industry delivered a return of only 1.1% in the first half of 2008, the lowest six-month return since the BarclayHedge database begins in 2000.

Breaking out the $15.7 billion inflow into hedge funds in June, hedge funds received $10.6 billion in direct investments, while funds of hedge funds took in $5.1 billion. Commodity trading advisors received $3.9 billion in June, more than reversing the outflow of $2.3 billion in May.

"Commodity trading advisors raked in a whopping $27.3 billion in the first half of 2008, which is equal to 4.9% of their assets,” said Conrad Gann, Chief Operating Officer of TrimTabs. “With investors pumping so much money into commodity-related investments, no wonder commodity prices hit record highs earlier this summer."

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of those flows as well as relevant topical studies. This month’s study assesses the relationship between hedge fund flows and hedge funds returns. For further information, please visit http://www.barclayhedge.com/products/trimtabs-hedge-fund-flow-report.html.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit www.TrimTabs.com.

Contact Information:

Alison Simard
Media Relations
Stern & Company
+1 323-650-7117
arsimard@sternco.com

Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann @trimtabs.com

During Week Ended Wednesday, August 6th, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $2,987 million.
Sausalito, CA - August 7th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $2,987 million during the week ended Wednesday, August 6, versus an outflow of $3,092 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $447 million versus an outflow of $2,568 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $2,540 million versus an outflow of $524 million during the previous week. In addition, bond funds posted outflows of $531 million versus inflows of $1,824 million during the previous week and hybrid funds had outflows of $204 million versus inflows of $700 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $5,042 million during the last week versus inflows of $5,318 million during the previous week. ETFs that invest in non-U.S. stocks had inflows of $238 million versus inflows of $1,077 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

TrimTabs Reports Withholding Analysis Indicates U.S. Economy Lost 169,000 Jobs in July. BLS Estimate of Only 51,000 Jobs Lost Due to Faulty Survey Technique. U.S. Experiences Largest Employment Decline since March 2003
Sausalito, CA – July 30, 2008Job losses hit their highest level since March 2003 and appear to be accelerating, TrimTabs Investment Research reported today. That is in contrast to 51,000 job losses estimated by the Bureau of Labor Statistics.

The U.S. economy lost 169,000 jobs in July, according to TrimTabs’ analysis of daily income tax deposits to the U.S. Treasury from all salaried U.S. employees.

"Job losses accelerated in the last two weeks of June and could have topped 300,000 if crude oil prices had not retreated from $147 per barrel", said Charles Biderman, Chief Executive Officer of TrimTabs.

TrimTabs’ estimates the U.S. economy has lost 734,000 jobs in 2008, and expects job losses to worsen in coming months. Other indicators confirm the recent deterioration of the labor market. The wages of all U.S. workers on payrolls rose only 1.6% year-over-year in July, well below the 3.1% year-over-year level indicative of job growth. Weekly unemployment claims jumped above 400,000 last week, and continuing unemployment claims hovered near the highest level since February 2004.

"What investors don’t realize is that current oil prices of $127 per barrel are 31% higher than the inflation-adjusted peak of $97 per barrel in the recession of the early 1980s," Biderman said. "We are just beginning to feel the pain of high oil prices which means hefty job losses are going to be with us well into Fall."

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit www.TrimTabs.com.

Contact Information:

Alison Simard
Media Relations
Stern & Company
+1 323-650-7117
arsimard@sternco.com

Charles Biderman
TrimTabs Investment Research
+1 707-527-1501
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, July 30, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $3,092 million.
Sausalito, CA - July 31st, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $3,092 million during the week ended Wednesday, July 30, versus an inflow of $2,391 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $2,568 million versus an inflow of $777 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $524 million versus an inflow of $1,614 million during the previous week. In addition, bond funds posted inflows of $1,824 million versus outflows of $3,413 million during the previous week and hybrid funds had inflows of $700 million versus outflows of $1,376 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $5,318 million during the last week versus outflows of $7,258 million during the previous week. ETFs that invest in non-U.S. stocks had inflows of $1,077 million versus inflows of $2,042 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, July 23, 2008, TrimTabs Estimates All Equity Mutual Funds Post Inflows of $2,391 million.
Sausalito, CA – July 24, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an inflow of $2,391 million during the week ended Wednesday, July 23, versus an outflow of $3,821 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an inflow of $777 million versus an outflow of $3,004 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an inflow of $1,614 million versus an outflow of $818 million during the previous week. In addition, bond funds posted outflows of $3,413 million versus outflows of $1,274 million during the previous week and hybrid funds had outflows of $1,376 million versus outflows of $514 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had outflows of $7,258 million during the last week versus inflows of $6,356 million during the previous week. ETFs that invest in non-U.S. stocks had inflows of $2,042 million versus outflows of $194 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, July 16th, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $3,821 million.
Sausalito, CA - July 17th, 2008-TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $3,821 million during the week ended Wednesday, July 16, versus an outflow of $7,078 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $3,004 million versus an outflow of $5,568 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $818 million versus an outflow of $1,511 million during the previous week. In addition, bond funds posted outflows of $1,274 million versus inflows of $1,706 million during the previous week and hybrid funds had outflows of $514 million versus inflows of $688 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $6,356 million during the last week versus inflows of $3,872 million during the previous week. ETFs that invest in non-U.S. stocks had outflows of $194 million versus outflows of $810 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

Hedge Funds Get $16.9 Billion in May, Up from $1.0 Billion in April. Hedge Fund Industry Outperforms S&P 500 by 6.1% in First Five Months of 2008.
Sausalito, CA - July 14th, 2008 - TrimTabs Investment Research estimates that hedge funds received an estimated $16.9 billion (1.0% of assets) in May and $61.4 billion (3.4% of assets) year-to-date.

Inflows into hedge funds remain weak compared to previous years even though the hedge fund industry outperformed the S&P 500 by 6.1% in the first five months of 2008. Hedge funds delivered returns of 2.6% in May, their best month since October 2007. The inflow into hedge funds in the first five months of 2008 ($61.4 billion) was less than half of the inflow in the first five months of 2007 ($137.3 billion), and it was below the inflow in the first five months of each of the previous four years.

Breaking out May’s $16.9 billion inflow into hedge funds, direct investors added $10.6 billion (0.6% of assets) to hedge funds, while funds of hedge funds received $6.4 billion (0.9% of assets).

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

During Week Ended Wednesday, July 9, 2008, TrimTabs Estimates All Equity Mutual Funds Post Outflows of $7,078 million.
Sausalito, CA - July 10th, 2008 - TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $7,078 million during the week ended Wednesday, July 9, versus an outflow of $13,279 million during the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $5,568 million versus an outflow of $8,899 million during the previous week. Equity funds that invest primarily in non-U.S. stocks posted an outflow of $1,511 million versus an outflow of $4,380 million during the previous week. In addition, bond funds posted inflows of $1,706 million versus inflows of $2,921 million during the previous week and hybrid funds had inflows of $688 million versus inflows of $1,178 million during the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks had inflows of $3,872 million during the last week versus inflows of $5,254 million during the previous week. ETFs that invest in non-U.S. stocks had outflows of $810 million versus outflows of $719 million during the previous week.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange traded funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors - including hedge fund managers, market strategists, and portfolio managers - with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market.

See www.TrimTabs.com

CONTACT:
Charles Biderman
Chief Executive Officer
415 331 4400
Charles.Biderman@TrimTabs.com

Hedge Funds Lose $5.9 Billion in April, First Outflow Since December 2005.
Commodity Trading Advisors Get Whopping $5.3 Billion (7.3% of Assets) in First Four Months of 2008.
Sausalito, CA - June 9th, 2008-TrimTabs Investment Research and BarclayHedge today reported that all hedge funds posted an estimated outflow of $5.9 billion in April after posting an estimated inflow of $22.0 billion in March. The outflow in April was the first since December 2005 and the largest since October 2001. “April’s outflow from hedge funds was not surprising because hedge funds underperformed the S&P 500 in both March and April,” said Sol Waksman, Chief Executive Officer of BarclayHedge. “Market volatility and weak inflows into funds of hedge funds suggest hedge fund flows were also depressed in May.” Breaking out the $5.9 billion outflow from hedge funds in April, hedge funds lost $9.4 billion directly, while funds of hedge funds took in $3.5 billion. Commodity trading advisors (CTAs) took in $2.2 billion, which was the largest inflow since January 2000.

“April’s outflow shows that hedge funds are not immune to the impact of market sell-offs,” said Conrad Gann, Chief Operating Officer of TrimTabs. “Yet investors pumped $5.3 billion (7.3% of assets) into CTAs in the first four months of 2008. The growing popularity of commodity-oriented ETFs and CTAs could be responsible for the steady rise in commodity prices.”

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of those flows as well as relevant topical studies. This month’s study assesses the relationship between hedge fund flows and hedge funds returns. For further information, please visit http://www.barclayhedge.com/products/trimtabs-hedge-fund-flow-report.html.

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit www.TrimTabs.com.

See www.TrimTabs.com

CONTACT:
Alison Simard
Media Relations
Stern & Company
+1 323-650-7117
arsimard@sternco.com


Conrad Gann
Chief Operating Officer
TrimTabs Investment Research
+1 415-331-4400
conrad.gann@trimtabs.com

TrimTabs Investment Research    1505 Bridgeway, Suite 121    Sausalito, CA 95965    Service@TrimTabs.com    (+1) 415 331 4400