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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (80810)	7/24/2001 12:49:40 PM
From: The Freep	Read Replies (1) \| Respond to of 99985

NV. . . Last night you said "Sold most of my Nasdaq puts/covered shorts near the end of the day ...a bit too early ...and went long the group ahead of Greenspan." Today you said "Was enough for me to cover all shorts this morning and go long again..." So please. . .let me know when you go long :-) Seriously, I hope you knock 'em out of the park on the long side, whether it's just a bounce or a longer rally. the freep

To: t2 who wrote (80810)	7/24/2001 6:46:13 PM
From: Greg Jung	Read Replies (1) \| Respond to of 99985

NV I believe the high "cash level" you see are the funds kept in Money Markets by the individual investors. Not in the stock funds themselves. You can see the allocation of individual mutual funds from info on Yahoo. They are pretty fully invested, and do not go to large % cash. They need to be fed for overall prices to increase, meanwhile stock sector/classes can improve pricing generally at the expense of others. My own 403b is about 30% stocks now only because I've withdrawn cash to money market - the managers keep the funds fully invested, otherwise 1% change would be a $20b effect. I would have taken more out sooner, if I was sure the rollover was gonna happen like it appeared a few months ago. Who has expected a big rebound? You are repeating things youve heard from the touts on CNBS. Everybody trying to 'splain the market by the behavior of "investors", a mythical group. Turn that noise off and you'll be less whipsawed.