Hi Tom; My comment on A.G.E was about how rare it is they ever
say anything negative. That they called a bottom several times
took a lot of guts, but keep in mind they only called the bottom
after the market was getting a hear cut and were trying to do it
in a way to prevent panic selling.
A.G.E. is not the cheapest broker going and I seldom use them
any more since I've been on the net. But I will say I learned
a lot when I did trade with them, and they appear to me to have
as much or more integrity than the majority.
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All that aside, no one is stepping up to the plate ready to buy
yet, the MO MO funds don't buy till things start up, while
there is some spare cash around they don't seen to be ready
to jump in.
I looked at one small cap fund yesterday that was 54% in cash ! What brought it to my attention was that it was the
only Long fund out of the many I track that was UP yesterday !
Some short funds were up, but that was not a short fund,
their holdings most be about on bottom, and they are making
money on the MM, so they bucked the trend.
The dip buyers better be careful ( and that's my game but I ain't
playing right now )
The idea that cash is king seems to have caught on.
The idea that We can go to a Nifty Fifty to run up and hold
the market was not a sound idea to start with, then a Magic Ten
and now MSFT, CSCO, & WCOM are the Three Musketeers..
Did you hear WCOM is going to make the biggest all time bond
offering ever made in history.
---------------------------------
Jim
Jim
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