CS,
re: There are absolutely, irrevocably, and undeniably NOT 40% of all funds are in money market funds waiting to get back into the market.
Well, I got my information from a page 1 article in the Money & Investing section of the Wall Street Journal, within the last two weeks. They even had a pretty chart showing all the billions in money market funds v. equity and bond funds. The actual point of the article was that the funds themselves are getting into trouble, the interest rates are so low that they are having a hard time covering expenses. You and go to the library or if you subscribe to WSJ.com you can probably find the article.
I was actually surprised myself. But if you think about all the folks that have bailed from their equity mutual funds over the last two years, and all the folks that have made their IRA's and 401K's contributions much more conservative, it makes sense. In fact, at this precise moment, about 40% of my 401K money is in money market.
re: That is just plain wrong, wrong, wrong!!!!
Could be, but I would give more weight to what I read in the WSJ than what is posted by the chicken little of the SI and ihub threads.
Cheer up, man, three day weekend! Just because you can imagine that bad things will happen, it doesn't mean they will. And in the economy and markets, it's a general rule that in the long term, the good things that happen slightly outnumber the bad things that happen. That's why the market, in the long term, goes up.
Life is good. Have a great 4th of July!
John
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