Sideline Cash

rffrydr · Posted: Sun Aug 30, 2009 11:22 pm Post subject: Sideline Cash

Forgetting PE and SWFs time to step back and reflect on those cash piles under pressure.

http://online.barrons.com/article/SB125149739421467933.html

http://blogs.barrons.com/stockstowatchtoday/2009/03/20/the-war-on-cash/

http://www.ft.com/cms/s/0/9d40fe70-9588-11de-90e0-00144feabdc0.html
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rffrydr · Posted: Fri Oct 02, 2009 7:57 am Post subject:

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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Mon Sep 28, 2009 8:23 am Post subject:

Strangely enough I expect the sideline market-to-sideline cash to exceed that seen at the market's bubble highs in 07--I would say the defining characteristic of this bull as far as the (new chinese speaking) individual is concerned is an increased willingness to take on risk--perhaps even an necessitiy (see Paradox of Thrift below).

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoiQ9k29OK1s

At this point, the feeling of "nothing left to loose" is empowering. And, unlike RE boom, money will need to stay liquid. That said, buy-and-hold is dead. Buy and Hold.

PS FT has a different book calculation:

http://tinyurl.com/yawt3lw
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Fri Sep 25, 2009 9:45 pm Post subject:

CIC came through crash down 2.1%--including it's $3 billion dip into Blackstone. And it's looking to buy more than just hard assets.

The Power of Liquidity

By Vincent Farrell Jr.
9/24/2009 2:30 PM EDT

A total of 483 U.S companies have raised $150 billion via sales of common stock or convertible securities so far this year, according to TrimTabs, an outfit that follows such stuff. The pace has increased recently; in the first quarter, only $13.8 billion of paper had been sold.

This week a large offering by American Airlines (AMR - commentary - Trade Now) of both common stock and convertible bonds was easily placed. Placing airlines securities in a troubled economy is not a normal thing. And the reopening of capital markets is not limited to corporate America: The Eurasian Development Bank (don't worry ... no one else knows what it is, either) planned on selling $500 million in bonds the other day and received bids for 10 times that amount. Banco Brandesco (BBD - commentary - Trade Now) in Brazil got $3.4 billion in bids for its offering of $750 million in debt. And more than $20 billion of initial public offerings (IPOs) has recently been filed -- not in the U.S., but in Brazil. Even California, which is in the "basket case" category, has been able to successfully market more than $8 billion in notes. The huge ocean of liquidity sitting on the sidelines is anxiously looking for a home. When compared to near-zero interest rates on short-term paper, a lot of opportunities can look appealing.....
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Today is the Tomorrow you worried about Yesterday!