No. of Recommendations: 7
Also, as far as dry powder goes, isn't there many trillions in dry powder sitting in short-term securities out there right now? I see $6.44T in money market funds alone!
For every investor who sells those 'dry powder' short-term securities to buy something else, like shares of stock, there has to be another investor who is buying those same short-term securities, and selling another asset. There is no new money coming into the market just because one person sells a bond to someone else.
dtb
