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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (14274)2/22/1998 4:57:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Well if what you say is true, that they can not report Money Markets
as cash..then the cash balance is old hat..u know they are not going
to sit in raw cash..and yes they can borrow from banks for
redemmtions, they can have as much as 20% outflow and not have
to sell stocks, lines of credit were opened big time last April.
Another way you can tell risky funds is high expense ratio.
The line of credit cost them even if they don't use it, the
more stable funds don't get that thin and hence save that expense,
what you pick depends if your a short time market timer, or longer
term investor.
Jim
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