I've been away from my desk, so to speak, and didn't do any trading for the December option expiration cycle.
Barrons reports on the "cash bubble" link
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"Cash is the elephant in the room," says a strategist at a top investment bank who spends his days dealing with portfolio managers. "Everyone has lots of it, and I don't know when they are going to start taking risk, but I want to be in right before it happens."
The recent clamor to buy four-week Treasury bills with a zero-percent yield perfectly expresses the market's mania for absolute safety
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With phrases such as: cash bubble, mania for safety, and bills at zero yield, zip nada nothing, it makes for an interesting time.
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