What about Mutual Fund cash position?

I havent checked that in a long time. Better be climbing up to the 10% level or else. With stock prices diving the % should go up automatically.

I havent checked that in a long time. Better be climbing up to the 10% level or else. With stock prices diving the % should go up automatically.

i'm getting a whopping 3.08% on my money market accounts .

ed rader

I see it was 4.4% in august. Very bad. That is old news. I got it from todays IBD. Any more current readings? Should be on its way up.

Now you're starting to show some fear. But you're still long. So you're not afraid enough. The best time to panic is before everyone else. Do you see me in panic? Yes. Me, the fearless bottom/top picker. I've picked the top and bottom of pretty much every IT turn this year. I won't touch this with a 10 foot pole. That should tell you something. You are all trying to do my job. The fact is, I'm pretty good at what I do. You are not. You should really question why I'm not trying to pick a bottom here and why you are.

You are all trying to do my job. The fact is, I'm pretty good at what I do. You are not. You should really question why I'm not trying to pick a bottom here and why you are.

post of the day, for sheer conviction if nothing else!

klh

Now you're starting to show some fear. But you're still long. So you're not afraid enough.

The best time to panic is before everyone else. Do you see me in panic? Yes. Me, the fearless bottom/top picker. I've picked the top and bottom of pretty much every IT turn this year.

I won't touch this with a 10 foot pole. That should tell you something. You are all trying to do my job. The fact is, I'm pretty good at what I do. You are not. You should really question why I'm not trying to pick a bottom here and why you are.

OK -- I'll bite --- Why?

I see it was 4.4% in august. Very bad. That is old news. I got it from todays IBD. Any more current readings? Should be on its way up.

I'm not sure why any mutual fund manager would have more than 5% cash at any time. He can go out and hedge with etfs and look like he's earning his money.

M

Redemptions. When they all come knockin at Mutual Fund doors and you have no cash you will see some serious forced selling dude.

So you sell some of your inverse etfs.