You are presented with the following data:

Week	Mutual Fund Cash Position	Mutual Fund Total Assets
Most recent	$281,478,000	$2,345,650,000
2	$258,500,000	$2,350,000,000
3	$234,800,000	$2,348,000,000
4	$211,950,000	$2,355,000,000
5	$188,480,000	$2,356,000,000

Calculate the Mutual Fund Cash Ratio (MFCR) for each week. Based on the result, are you bullish or bearish?

The MFCR for week 1 is _____%. (Round to the nearest whole percent.)

The MFCR for week 2 is _____%. (Round to the nearest whole percent.)

The MFCR for week 3 is ____%. (Round to the nearest whole percent.)

The MFCR for week 4 is ______%. (Round to the nearest whole percent.)

The MFCR for week 5 is ______% (Round to the nearest whole percent.)

Conventional wisdom says that when the cash ratio exceeds 10% to 12%, the ratio is sending a bullish signal. However, you may also argue that, given the trend and how recent the build-up in cash is, the signal is bearish in the current time frame.

Is the above argument true or false? ________ (True or false) (Select from the drop-down menu.)