Let me start by saying I apologize for the lack of posts over the last week. I’ve been extremely busy and haven’t had a lot of time to write. Don’t forget you can also follow me on Twitter and StockTwits, where I am much more active.
Sentiment has been a topic I’ve discussed a couple of times this year. Most recently in my post titled No One Thinks Stocks Can Fall. In my article this week for TraderPlanet I take another look at a piece of sentiment data. This time, the percentage of assets held in money market accounts.
Here’s a piece:
Rydex is one of the more transparent mutual fund companies that publishes the asset levels of each of their sector and leveraged funds. The chart shows the percentage of assets held in Rydex money market accounts. As you can see value has been falling hard for the better part of 2013 and now sits at the lowest level since 2001.
Read the rest: Cash Hits New 10 Year Low: Fear Leaves the Market (TraderPlanet)
Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+, Twitter, and StockTwits.
