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Mutual funds are running out of cash...
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Monday, March 15, 2010
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From Newsmax:

Stock mutual funds are eating up cash at the quickest pace in 18 years, putting their cash reserves at the lowest level since 2007.

That development could mean the bull market in stocks is coming to an end.

“It’s not a red light, but it’s a flashing yellow light that the strongest part of the rally is probably over,” Jerome Dodson, president of money managers Parnassus, told Bloomberg. “There’s not as much buying power out there.”

To be sure, he still...

Read full article...

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Topics: Mutual Funds | Stocks
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