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Long-time financial writer, Chet Currier, died on Sunday. This is from his final Bloomberg column:

For one long-standing indicator of shifting moods in the stock market, a now-or-never moment is at hand.

The gauge in question, which focuses on cash reserves held by managers of stock-mutual funds, has been emitting increasingly bearish signals about the market outlook.

But nobody has been paying much attention. The indicator's once-stellar record of accuracy has been less than compelling lately. What's more, the whole premise behind it may be out of date.

Posted by edelfenbein at July 31, 2007 12:14 AM