RIP: Chet Currier

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 What’s more, the whole premise behind it may be out of date.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 on July 31st, 2007 at 12:14 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.