Reported 1 day ago
In a recent analysis, veteran fund manager Doug Kass challenges the popular belief that cash on the sidelines can significantly boost stock markets, especially after the S&P 500's remarkable growth. He argues that the current cash levels among retail investors are historically low relative to the stock market's overall capitalization and does not foresee this cash influx leading to a new market wave. Instead, he highlights concerns over unsustainable stock valuations and economic uncertainties that could jeopardize future growth.
Source: YAHOO