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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (41771)4/29/1998 8:43:00 AM
From: marc chatman  Read Replies (1) of 58727
 
Don, regarding cash on the sidelines, it was reported last week that funds were down to 4.5% cash. I don't know if that is based on a sampling or a comprehensive review, but it is an historically low level from what I've heard. Add to that, I believe, $3 billion or so of new cash which came into the funds in the past week, and whatever cash the funds may have raised during the sell-off of the past few days.
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