ALL BUSINESS: Investors choose cash as an asset class, which is bad for stocks
That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy. In the past, investors would cling to cash until the market's prospects brightened and then money would pour back into stocks. That's just what the bulls today are hoping will drive a surge on Wall Street in the months ahead. But the shock of the financial crisis — which have made leverage and... Full Story
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