Tom; Contrary to a lot of what I've heard, I do not believe mutual
funds have gone very deep on margins at all, nor do I buy that
low cash level tune that CNBC keeps whistling. I think they have
some sorry sources in that department, and ought to check it out
form themselves before they just pump that fodder out like it's
fact.
I have numerous funds I directly check , and what they are
saying don't add up. While I don't have the resources to tabulate
the totals, the ones I do check have more cash now than since
I can remember. Who ever is running the totals is likely getting
out of date data commingled into their program.
Garbage in Garbage out. Just be aware that the FACTS , most news
media put out are not always correct, and most of them have good
writing skills, but are sorry as hell when it comes to checking
things out. Hell Joe has to take get the info feed to him like
baby food, he don't even know how to click the bottom on his
mouse...he calls for a screen and some techy in the background
shoots it to him.
Mark with all his talk, in the mourning about the fair value
of the futures , does not know how to calculate the fair value,
it's fed to him, ( I think by Prudential )..
I don't think they mislead us deliberately , what I'm saying is
that the pundits do not have the skills to check out half of
what they tout as facts.
Maybe they have cash levels , and margins all mixed up and
backwards, as I believe margins are at their lowest level in
years, If you don't count the clowns using their credit cards
to buy stocks. <G>
Jim
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