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To: Gersh Avery who wrote (40043)4/16/1998 3:45:00 PM
From: j g cordes  Read Replies (1) | Respond to of 58727
 
Devil's advocate.. the fund managers have been terrified at not beating the S&P, which makes them all look stupid.. so they've all been putting every dollar in to work the minute it clears the bank. The only way to raise cash is to sell, which would be a race for the exits if it ever starts... inflows are holding but no cash piles waiting to be delivered.