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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (215071)	8/10/2009 2:53:14 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Sideline money. Ok, call it what you want. Throw in button pushing. g

To: DebtBomb who wrote (215071)	8/10/2009 6:46:03 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

"That cash on their balance sheets has already been deployed as loans to the Federal government and to other companies." Speaking of which, the government is going to siphon off another $14 Billion of "sideline money" at tomorrow's auction. How much longer can this continue before people start wising up? Geithner is about to ask clowngress to raise the national debt ceiling AGAIN, and they will probably do it. I guess $12 Trillion of debt isn't enough to be spread among 300 million taxpayers ($48,000 for every man, woman, and child). The government is like a black hole, growing bigger and bigger by sucking up all the resources within it's ever expanding horizon. What a wasteful and inefficient usage of resources. I heard that sideline argument used several times today on CNBC. I agree with the author that it's a rather idiotic argument. Even if you accept the premise of the people positing the argument, there is a reason that money is on the sidelines. This weeks sideline money is also not the same sideline money of a month ago. I have over a third of my assets in cash for awhile now because I could not find a good investment. With the market even more overpriced now than when I sidelined that cash, why in the heck would I put the money in the markets now? That would be incredibly undisciplined, to say the least. I am actually sidelining more assets each week as the rookies rush in to avoid "missing the boat". In other words, the net money on the "sidelines" might not be changing but the reasons for it being there could be. That money could be there waiting to short the markets when they finally turn.