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To: Dale Baker who wrote (66458)10/7/2008 4:33:30 PM
From: Jurgis BekepurisRead Replies (2) | Respond to of 118717
 
I agree that there is a ton of money on sidelines. However, most of that money is not really "value buyers". Like you said before, value investors were screwed this time, since stock prices were never very expensive, so they bought way too early. As I said, I am not aware of any large value investor who would have a lot of cash on sidelines now. Maybe Whitney Tilson and co, since they were still short a bunch of financials recently. To be honest though, Buffett is probably the only large value investor who usually keeps a lot of cash.

It's great that you have cash. IMHO now it is too late to sell to build cash hoard though.



To: Dale Baker who wrote (66458)10/7/2008 4:39:08 PM
From: xstuckeyRespond to of 118717
 
>>>There is a ton of money on the sidelines but who knows when it will think stocks are worth investing in again.<<<

I think you are right about this. On September 29th, I saw a chart that showed the money sitting in money market funds amounted to 27% of the entire S&P, the highest in 24 years.

It's hard to say whether the money market funds or the S&P has fallen faster since September 29th <g>.