The latest monthly BA/ML fund........>

US TSYS/STOCKS: The latest monthly BA/ML fund managers' survey showed that

"global investor cash holdings remained high in August, with risk jitters varied

and yet more balanced than in prior months," said a recent MNI Main Wire story.

The surveyed accounts' cash levels "held steady at 4.9% this month, unchanged

from August and down from 5.0% in May. Cash levels remain above the 10-year

average of 4.5%," it said. 

- "In August, the top "tail risks" were "Fed/ECB policy mistake," "crash in

global bond markets" and "North Korea," with a net 22%, a net 19% and a net 19

respectively voicing concern about these topics," the story said. "In July, a

net 28% were concerned about a bond market crash, a net 27% about a Fed/ECB

policy mistake and a net 15% about "China credit tightening.""

- It said the "most crowded" trades in August were "Long Nasdaq," for the fourth

straight month, "Short U.S. dollar" and "Long Eurozone equities," with a net

31%, a net 21% and a net 16% of those polled having this view."