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

To: Greg Jung who wrote (80839)	7/24/2001 6:57:28 PM
From: t2	Respond to of 99985

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. No. I was not referring to money market funds at all. You stated that you were looking at info on Yahoo. I agree that the information on Yahoo suggests the funds I mentioned are basically fully invested. That was the first place I looked. I soon came to the conclusion that I was looking at very OUTDATED holdings information (possibly Dec2000)and had to look elsewhere for current data. Yahoo did not even note how old their information is (as of what month end). The next place to look was at the fund sites and then compare it to other sites with more recent data. That is how I came to the conclusion that the funds over 20billion had been raising cash up to June 30...Fidelity and especially American Funds. I did not notice much change with the Janus fund; I had a hard time figuring out what sectors they were investing in. Overall, they all still seem to be light on technology. That is one additional factor that makes me bullish on technology stocks. The low volume is more indication that tech holders will not bail out now; contrast that to the oil stocks and power generators. High short interest and a lack of sellers in tech along with cash increases in mutual funds (not to mention money market funds of individuals) and there is reason to believe that the market will turn on the first bit of real good news. That is the risk in being short now. BTW--this mutual fund data (very small sample of course) is what is turning me more bullish--at least for a nice bounce on the Nasdaq--not sure of the longer term)