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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (6503)8/2/2001 2:54:18 PM
From: E. Graphs  Read Replies (1) | Respond to of 74559
 
Grace,

Where would mutual funds get the money to run the market up? They're already holding bags of overvalued stocks that are down big for the year. In addition to that, they've been at 4% cash, and I've just read a report showing outflows are expected to be a negative ~20 billion in July.

Thank goodness for upgrades, huh?

E. Graphs