POINTING IT OUT

This is one of those superfluous debates that actually makes an important point. Though the author supports his position quite well, whether he intended to or otherwise, he shows just how big a bubble this thing is.

We think it's a candidate for most maligned market, deservedly so in our view owing to an out of control money printing Fed now aided by many of their global comrades. The need to keep this charade going and the built-in danger grows daily.

Take this chart, for example.


Why would you want to have any cash in money markets when some now even before inflation and taxes are yielding less than zero? And that's not the only reason MMFs have lost some of their appeal. Safety is another.



This next chart we think the author strokes one of those high fastballs over the edge of the plate out of the park. Deep center field. Higher interest  rates when they arrive--and they will arrive-- will catch more than a few looking for something off speed and soft like the Fed's been serving up regularly.



The above chart speaks for itself. There's a lot of leverage out there.



 This is what we call the fear of missing out chart. To us it helps explain the low cash levels in these funds. Mutual fund money runners are known for their lemming-like characteristics. It's hardly new.

businessinsider.com/stop-calling-this-the-most-hated-bull-market-in-history-2016

We hope you enjoy reading this author's article. We enjoyed pointing it out.