show me the money

Mutual fund cash level at lowest level in many years. One of many signs that phase 2 of this resession has begun.

The history of the mutual fund cash level as a contrary indicator is very compelling. In fact, going back you can see the same pattern during the past decade ...

Whenever fund managers' bullishness rose to extreme levels it was a very good time to get out of the stock market.

So will it be different this time around?

Expect a Bear Market