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

To: Hawkmoon who wrote (83888)	6/15/2003 11:36:06 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

If we are going to look at cash available, it would also be prudent to look at ( debt levels ).. Other wise the picture is not comprehensive. To often I find people getting numbers on most things ( not just cash ) get the numbers they want and leave out what they are not interested in. But cash and debt would go hand in hand. Like what about all the refinance that's been going on, and the equity that's been taken out of homes .. --- I don't know the full picture , so I just looked at mutual fund cash levels. -- I do know that a lot of States & Counties are counting beans they don't have and will never get. Like past due taxes being run as accounts receivable just to not show such a huge deficit. ( From time to time I buy tax distressed property , and in digging into the Tax rolls I've found a lot of Enron type accounting going on with all the local Governments I've looked at but one ) Jim