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
"You who make wicked judgements, who write oppressive laws to deprive the vulnerable of justice and rob the poor of their rights, so that widows may be your victims and orphans your prey — what will you do on the day of reckoning, when the consequences of judgement come upon you? To whom will you run for protection, and where will you hide your riches?"
Isaiah 10:1-3
LE CAFÉ AMÉRICAIN
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