Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: epicure who wrote (20659)	6/18/1998 8:09:00 PM
From: Tommaso	Read Replies (1) of 94695

The cash flow into mutual funds is positive but very anemic: amgdata.com (click on "news") If previous patterns hold, tomorrow and Monday could be definite down days. As soon as cash flows go negative for 3-4 weeks in a row, the bull is dead (I think)--though after so many years of up movement we could have buying spells until mass panic sets in. Any time that mutual fund managers decide to increase holdings of cash from these impossibly low percentages, that could send it down, too. The real sell-off will be (I think)when, after about eighteen months of erosion, a lot of incestors will say, "Gee, I could have got 5% on my money instead of losing 25%!" And sell. Anyway, things look weak for the immediate future. So I think. On the basis of cash flow I did predict a possible recovery this week from the 200+ selloff.

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