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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: kahunabear who wrote (25977)2/12/1998 7:18:00 PM
From: Knighty Tin  Read Replies (3) | Respond to of 132070
 
Whippy, I saw the same scammy report. What a joke! Do these folks think their viewers are idiots? Duh! -g- MB



To: kahunabear who wrote (25977)2/12/1998 8:44:00 PM
From: Thomas M.  Respond to of 132070
 
My jaw dropped when I saw that. That might be the worst piece I've seen in my 5 years of CNBC watching.

Tom



To: kahunabear who wrote (25977)2/12/1998 9:03:00 PM
From: S. maltophilia  Read Replies (2) | Respond to of 132070
 
Absurd. Even beats the twit I saw on CNBS today who claimed, among other things, that mutual funds were at 9-10% cash levels.
That would have been the highest cash levels in years, and, if true, screamingly bullish.
Here's the latest:
Table 5. Liquid assets of stock mutual funds, percent of total net assets

Dec 97


5.2 %


from Investment Company Institute.
ici.org

Needless to say, none of the talking heads questioned him.