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
"For these are a rebellious people, deceitful children. They say to their seers,‘Do not see!’ and to the prophets,‘Say nothing of what is right! Tell us only things that please us, prophesy illusions."
Isaiah 30:8-10
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