Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (25007)	8/23/1998 7:32:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

David; I hope people know that Money Market funds are flush with cash . Inflows Week Ended 08/19/98 Money Mkts This week $ 7.019 B Last week 08/12/98 $ 7.785 B Last Year 08/20/97 $ 6.468 B but here is the kicker 4 week Mvg Avg $ 9.349 B... tahts over 37B into MM in the month, But thats not all, Money Markets now have over 1.2 Trillion dollars in them. and the idea that Funds are low on cash levels is also a misconception, of some wishful thinking on the part of the perma bears..the ones I'v looked at have raised cash levels to highs they haven't had in the last 3 yrs. ------------------------ If the market does break out, you could see a curve up that could make the past up trends look tame. ------------------------- I don't know if it will do it, but I won't be too surprised if it does. There is no doubt in my mind that some big derivative players are and have been short the US market, but it looked like Friday they may have been playing their last hole cards. If the Bulls do take charge and that cash comes out of hiding we will climb one hell of a wall of worry. I'm not saying we will, but I would not sleep good if I were short. Jim

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