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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (1438)	3/27/1998 8:24:00 AM
From: Tommaso	Respond to of 86076

I don't know how fast fund managers put new money into stocks, but at least those billions pad their cash reserve, and they have been keeping cash reserves at record lows (on average). Of course a sudden decision on the part of all managers to raise cash balances from five to six percent would knock the market down noticeably, but their habits seem fixed for the time being. Analogies --even joking ones-- are poor excuses for clear thinking. But I keep thinking that these inflows are like little puffs of hydrogen topping off the tanks inside the Hindeberg.