Friday, January 11, 2008
more from sentiment trader:
... money market assets are currently 40% of equity fund assets, well below the bear-market peak of nearly 80%. So while it may seem impressive that there's enough cash sitting on the sidelines to buy 18% of the S&P 500, it's not necessarily a sign that investors are currently under-invested.
still a quite high figure at 40%, but it does underscore that things can get a whole lot more risk averse.