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Politics : Ask Michael Burke

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To: kahunabear who wrote (25977)2/12/1998 9:03:00 PM
From: S. maltophilia  Read Replies (2) of 132070
 
Absurd. Even beats the twit I saw on CNBS today who claimed, among other things, that mutual funds were at 9-10% cash levels.
That would have been the highest cash levels in years, and, if true, screamingly bullish.
Here's the latest:
Table 5. Liquid assets of stock mutual funds, percent of total net assets

Dec 97


5.2 %


from Investment Company Institute.
ici.org

Needless to say, none of the talking heads questioned him.
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