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 are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535
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