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Home Our Perspective SPY Volume Back To 2010 Lows As Equity Mutual Funds Run Out Of Cash
SPY Volume Back To 2010 Lows As Equity Mutual Funds Run Out Of Cash PDF Print E-mail
Written by Steve Meyers   
Monday, 08 March 2010 19:42

At 112.8 million shares traded, the SPY just recorded its lowest volume day for 2010. One of the possible reasons for this: mutual funds are rapidly running out of cash to buy stocks. As

Bloomberg

notes, "equity mutual funds are burning through cash at the fastest rate in 18 years, leaving them with the smallest reserves since 2007 in a sign that gains for the Standard & Poor’s 500 Index may slow. Cash dropped to 3.6 percent of assets from 5.7 percent in January 2009, leaving managers with $172 billion in the quickest decrease since 1991, Investment Company Institute

data

show. The last time stock managers held such a small proportion was September 2007,

a month before the S&P 500 began a 57 percent drop, according to data compiled by Bloomberg.

" 

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Mars  - 2007 Deja vu |2010-03-08 22:46:39
Bailout Ben’s 2007 Time Machine
http://www.gainspainscapital.com/
NVan |2010-03-09 07:36:01
Mars- thanks for this Bailout Ben article- the terms unstoppable, sped up and consdensed timeframe
nail it on the way up and down side will add devistation. 30 years in a competitive business taught me there is always another level of lunacy that appears under stress... what will that be?
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