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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: pater tenebrarum who wrote (50147)5/10/2000 2:26:00 PM
From: RealMuLan  Read Replies (1) of 99985
 
heinz:

I think "fund" in his post actually include much wider variety. In another word, it includes all the life insurance companies, state/company pension fund, etc. If you add them in, I believe the percentage of cash is much much higher. Because a lot of pension funds and annuity payment guarantee the minimum return/payout, if they put all their money in stock market, how can they do that? Not to mention a lot of those fund managers also realize this stock market is a bubble. The only thing is that you don't hear them talking in the media.
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