The Long Term Positioning of Equity Indexes

The idea that there's enormous amounts of cash sitting on the sidelines to further bid up the market may be a little bit of a misnomer. If we do have a big sell these guys are momentum driven for the most part They're going to have 150 billion plus to sell. The commitment of traders when it comes to the equity indexes It can be very misleading because let's not forget why the s&p futures and the NASDAQ futures were originally intended to build right there.