Claus Vogt said that low cash level of mutual fund post greater risk for share market, based on pass market trend. He also said that the secular bear market started since 2000, which coincide with the view of Robert Prechter (Elliote Wave). Prechter confirmed this by comparing Dow Jones against gold and against CRB (commodities), and it has been dropping since 2000. Hence, we are deluded that in absolute terms we make money, in real terms, it actually shrink, i.e. you can buy less gold and commodities now against in 2000.
MyView
Well, human lives in a deluded world after all.
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