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Strategies & Market Trends : Waiting for the big Kahuna
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To: Tommaso who wrote (14272)2/22/1998 3:55:00 PM
From: James F. Hopkins  Read Replies (3) of 94695
 
Well; I'm not sure if all funds report Money Market positions
as cash positions..I did look at one of my Oakmark favorites
and it has 10% cash and is looking for stocks to buy.
Cash im funds was high in Dec and Jan..They did not buy much
in Dec..or early Jan, I expect it to be down some by now,
but by no means are they close to the lows they were
a year ago..I think last April taught them a lesson.
Jim
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