There’s more cash available to buy shares than at any time in almost two decades, a sign to some of the most successful investors that equities will rebound after the worst year for U.S. stocks since the Great Depression.(Via Bloomberg)
The $8.85 trillion held in cash, bank deposits and money- market funds is equal to 74 percent of the market value of U.S. companies, the highest ratio since 1990, according to Federal Reserve data compiled by Leuthold Group and Bloomberg.
Collect Experiences. Not Things. :')
Blog Highlights
December 31, 2008
Cash at 18-Year High Makes Stocks a Buy
It seems like everybody is waiting for the bottom, and then pounce to buy.
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