MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: t2 who wrote (77078)	5/15/2001 7:31:36 PM
From: t2	Read Replies (1) of 99985

The reason today may not be that important is that money shifts out of money market funds may still be on the horizon. (The traders were setting up for the sell the news story in a big way anyways) The money market returns are going to get lower while the cash stockpiles have increased in money market funds. There may now be incentive to get that money to work in the market. Another rate seems on the way and it will make no sense to hold onto large cash positions that will offer lower and lower returns. This is the key. Those that pull money out first realize that they may be getting a good opportunity to buy equities ahead of those that may be putting cash to work much later when the recovery arrives. I am not talking about getting funds into tech stocks...just low PE value stocks....of course that will eventually get to techs at some point. Causes a chain reaction. Over 2 trillion. This chart does not show the huge gains since early 2000. thestreet.com

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