(Click on image to enlarge)
BOTTOM LINE: According to the Investment Company Institute(ICI), money market mutual fund assets are currently $3.5 trillion, which is greater than the gross domestic product of China. Money market fund assets are up a mind-boggling 88.2% from levels seen in May 2005. This is yet more evidence of the current "US negativity bubble." Investors have been scared out of their minds. ``Investors don't even care at this point,'' Deborah Cunningham, Federated's chief investment officer, said in a March 31 interview. ``There's no real concern about yield in the market at this moment, only safety.'' There is absolutely massive bull firepower available on the sidelines at a time of deep-seeded historic pessimism and a parabolic rise in short interest, which bodes very well for substantial broad market gains over the intermediate- to long-term.
2 comments:
This is a great post; it was very informative. I look forward in reading more of your post. I enjoyed every moment of reading your post. Thanks.
proprietary
I just couldn't leave your website before saying that I really enjoyed the quality information you offer to your visitors... Will be back often to check up on new stuff you post!
investment
Post a Comment