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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (18690)3/10/2002 9:08:50 PM
From: geode00  Read Replies (1) | Respond to of 23786
 
Heard Flanigan say something about Brinker recommending selling Ginnie Mae's, going to cash and wait for next buying opportunity

I'm sure Bob's next big move will be reported and debated here:

suite101.com

so I don't think it's necessary to listen to 6 hours of rambling unless you're a newbie and in need of advice about what the heck is in your mutual fund <g>

I didn't hear Flannigan talking about GNMAs to cash but Bob has been 65%-75% in cash for about two years. He has some bonds, some equities, some stocks and some mutual funds. He likes GNMAs and has gotten a good kicker with the interest rate reductions. I don't know about them going forward if rates rise due to an improving economy.

He will be deploying that cash sometime this year if his indicators give the green light for a supposedly "low risk" buying opportunity.

In the meantime, enjoy the 1.5% in MMFs!