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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (16008)4/10/1998 2:16:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Bill, would like to add some of my interpretation to high level of cash in money funds.

If this money goes to the IRS then well we will have a positive impact into the deficit which in turn will help the bond and indirectly the market. I read today that Washington Post expects $50 billion in budget surplus.

The second scenario is that many independent investors switched into money market funds around those levels and if so this money will rush in back into the market which will give us a pop and maybe also a short squizze.

BWDIK,

Haim