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Politics : High Tolerance Plasticity

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To: cnyndwllr who wrote (7425)9/6/2001 9:37:55 AM
From: MetalTrader  Read Replies (1) of 23153
 
In the spirit of continuing to challenge conventional wisdom, I think it was you who mentioned the large cash positions of mutual funds. (If not my apologies)

As of last week mutual funds are holding 5 1/2% cash. A very low number historically. They were cash flow negative in July, buying with a net redemption for the month. So it means they are buying, but they don't have much buying power. Kinda positive but not much fuel for sustained rally on that front.

Just to balance the post a little. Yes, the put/call ratio which is a short term indicator is bullish. Both index and equity ratios are bullish.

mt
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