Posted by: positiontrader In reply to: exp who wrote msg# 330 Date:9/10/2003 10:31:38 PM Post #of 340
George,
The VIX closed above it's upper BB only the fourth time this year today.The total p/c went to 1 and the TRIN closed above 2.0.I think this correction is over.
<I don't recall any house suggesting equity allocations below 50% since the bubble burst.> i think you are way off there but will have to get data to back it up, will track down.
this quote taken for directly from Barron's cover story of Septemper 8th,2003 issue. It is the first quote to indicate that the big houses are actually at 70% equity allocation overall, record levels which i had run of cross i think via trimtabs. I will look further. But says a lot. Plus MM is has dropped hard. <<These market maestros generally recommend that clients direct a healthy portion of their assets to stocks, and some have upped their equity allocations far in excess of what their firms' "neutral" asset mixes would suggest.At Bank of America Securities, for example, Tom McManus is urging clients to place 75% of their assets in stocks, 15% in bonds and 10% in cash. That compares with what he calls "a standard, auto-pilot allocation" of 60% stocks, 35% bonds and 5% cash.
Abby Joseph Cohen, of Goldman Sachs, also is recommending an unusually heavy commitment to stocks. She advocates a 75% equity allocation , at the uppermost end of the firm's typical 40% to 75% range.>> http://online.wsj.com/barrons/article/0,,SB106280014716112500-search,00.html?collection=barrons%2F30.... and don't LOL because it is Cohen because she represents the COMMON mindset of this Big Houses---so GS is at that MAXIMUM level of allocation---25% above 50%
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