These sort of record low cash levels in the funds are generally indicative of a short term top in equities.
03 August 2010
Mutual Fund Cash Levels Are at Bearish Record Levels
Category:
Mutual Fund Cash Levels
"Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
Louis Brandeis, Olmstead v. United States, 1928
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