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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: the Chief who wrote (50126)5/10/2000 2:07:00 PM
From: pater tenebrarum  Read Replies (3) of 99985
 
where do you get your mutual fund data? last time i looked, the fund industry's overall cash-to-assets ratio was at 3,8% , an all time low. that was a week ago. are you saying they have been raising all that money over the last week? how did they do that, with volume so feeble?

this is btw. not to say we can't get a bounce here of tradable magnitude. that seems quite likely actually. but don't put your faith in mutual fund cash reserves that don't exist.

regards,

hb
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