THE CASH INDICATOR
The Cash Indicator (CI) has settled at a very low level. It is difficult to imagine market volatility declining further while it is easy to identify potential sources of instability, such as a flair up on the Korean Peninsula or a fiscal budget and debt ceiling impasse in Washington, D.C. Still, we are a long way from a level of instability that would cause us to raise a significant amount of cash.
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S&P 500 Index is a capitalization-weighted index of 500 stocks. The Index is designed to measure performance of a broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
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