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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (26080)	2/1/2002 1:13:52 AM
From: Softechie	Read Replies (2) \| Respond to of 99280

They've been touting this since Sept...so who's buying since Sept???

To: Psycho-Social who wrote (26080)	2/1/2002 7:41:20 AM
From: t2	Respond to of 99280

You might want to doublecheck your source data. Cash levels (around 5.5%)are lower than they've ever been at the end of a bear market, with possible exception of Sept-Oct '98. I believe Vanguard 500 Index Fund and Magellan are among the top 3 Funds in size. Index Funds normally carry about 1% cash, and Magellan reported 6.5% Cash at the end of December. True about Magellan and Vanguard index funds. These are 2 of the top 5 funds in assets. I was referring to the enormous cash positions in the American Funds--3 of their funds are in the top 5 and two of these have huge cash positions (18%). That story I posted earlier about last year's inflows, shows that people were buying these conservative fund group last year. This does not tell us anything about funds in general but there is enough information on what the 5 largest equity funds were holding. Looked at their holdings and did not see much tech---I guess that would be logical given all the talk about tech PEs. Something to think about...contarian indicator? If anyone has information on mutual fund cash levels in general, please post it. My position is that we are set up for a rally early this month as long as the economonic indicators continue to show evidence of recovery---so far there seems to be positive momentum in these numbers. Believe it will be broad based. jmho