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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (23201)8/4/1998 3:07:00 PM
From: P.T.Burnem  Read Replies (3) of 94695
 
nor do I buy that low cash level tune that CNBC keeps whistling.

Most MF managers whom I saw appearing on CNBC lately emphasized that as soon as they got the cash, they immediately put it to work. MF cash is at a record low. To make things worse, those who have cash are in no hurry to buy while the Dow 10,000 crowd is fully invested.

PTB
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