that may be the dumbest thing I have read in weeks.

first, "tutes" react, half are dumb little ivy league punks proud of 10% returns a year. Second and most relevent, if your logic were true we would never have crashes or big corrections.

There is PLENTY of "other" money perfectly capable of taking us down, sovereign wealth funds for example.

And mutual fund managers may have to be 95% invested typically but EVEN EQUITY FUNDS CAN USUALLY HOLD A PRETTY GOOD AMoUNT OF FIXED INCOME SO DONT BE SURPRISED TO SEE SELLING AND PROFIT TAKing with equities. And balanced funds can move 20% either way with there equity allocations typically.

You make a weak point.