Last week, Lim Chow Kiat, who runs some $440 billion for Singapore’s sovereign wealth fund, laid out his case for keeping powder dry. Before that, Chicago billionaire Sam Zell said his firm has never been this cash-heavy. Meanwhile, hedge-fund titan Paul Singer has been busy raising a big chunk of change.
“We’re at about $3.4 trillion in money market assets,” he explained. “Put in that perspective, we got up to $3.9 trillion during the worst of the financial crisis, then it fell to about $2.6 trillion, so obviously it’s been moving up.” “With all that dry powder out there, the catalyst is that yield is going to start to fall away. We’ve already seen yield on short term, fixed income fall,” he said. “People will be looking for yield and looking for a return somewhere. And I think that’s the place where if they’re less concerned about a recession and the global slowdown, that could be a spot where you get money going into stocks.”
Dumb story . There is now a huge risk to recession and the huge pile of cash is to buy low when AFTER stocks tank. They are not waiting to buy High. Dumb story.
Or just waiting a BIG pull back to buy...
We know you are afraid of commies. Too many institutional investors and sovereign wealth funds. Us small investors are the backbone of the market. Vote Warren for President for more visit
Here’s reasons numero uno & dos. Reason dos. P. Trump ain’t getting impeached. Reason uno. P Trump is getting re-elected bigly 2020