Fund managers are holding the most cash on average since the last overall market downturn in 2008.
I get two things knowing that bit of info. The people are expecting an overall downturn to occur. Most of these fund managers cant find an opportunity to buy.
I see several opportunities. There is usually at least one good opportunity available, especially for fund managers with deep pockets. Either their trading methods are too constraining or they are not experienced enough to trade specific industries. I see no reason to hold a bunch of cash. That is double bad right now since the dollar will generally weaken from its recent highs and one could buy china, oil, Mexican peso and more. I wish i had the money to compete with those jokers. I would have a fund with entry based on family/friends or referral only. People would beg to join. That could be fun.
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