Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (33717)	11/15/1998 1:14:00 PM
From: Gersh Avery	Read Replies (2) of 94695

Hi Berney I think that most of the increase in the money market inflows came from continued 401k contributions. For a person to not take advantage of matching employer contributions is very foolish. That is an instant 100% gain on investment. But once the cash is in the 401k system where does someone put it? While trying to decide what area of the market to put it, it sets in money market funds. I understand that there was some selling pressure during the week from small folks that had bought during the last high. They had gotten close to their initial investment cost and decided to get out what they could. There's some more money market inflow. Overall, these funds show a growing amount of liquidity setting there waiting for, whatever these people may be watching, the confirmed up trend. Probably much of this cash will be spent at the top again. Should we see a small pull back in the market these forces building up, in these money market accounts, could set up a pretty massive buy the dip. Still 75% money market Gersh

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