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


To: Softechie who wrote (26081)2/1/2002 1:23:18 AM
From: Psycho-Social  Read Replies (1) | Respond to of 99280
 
Low Cash Positions:
The relatively low cash positions at Stock Funds does suggest much less reserve buying power than at other major lows. 4% cash reserves seems to be a floor for the industry - below which the ratio never goes. Still, that's not a timing indicator, and it doesn't mean we can't have a decent cyclical rebound in the Market.

My best guess as to how we've been able to go higher is that the almost total lack of IPOs has been a primary factor, along with a modest drawdown of cash reserves.



To: Softechie who wrote (26081)2/1/2002 8:01:29 AM
From: orkrious  Read Replies (1) | Respond to of 99280
 
Goldman initiated your favorite, EMLX, on the recommended list, with a target of $58. That ought to squeeze a few balls.