Cash rises to record 51% of market cap: Trim Tabs ($SPX) by Tomi Kilgore
Cash on the sidelines -- cash in bank savings accounts and bond and retail money funds -- now totals $5.3 trillion, according to Trim Tabs, which is a record high 51 percent of the $10.4 trillion market capitalization of the entire U.S. stock market. Trim Tabs said the cash-to-market cap ratio was at 49.5 percent at the end of 1990, the mutual fund tracker said; in 1991, the S&P 500 Index ($SPX) rose 31 percent. At the end of 1999, cash on the sidelines ($3.8 billion) was a record-low 21 percent of the total market cap at the time ($17.7 trillion) said Trim Tabs.

Cash on the sidelines -- cash in bank savings accounts and bond and retail money funds -- now totals $5.3 trillion, according to Trim Tabs, which is a record high 51 percent of the $10.4 trillion market capitalization of the entire U.S. stock market. Trim Tabs said the cash-to-market cap ratio was at 49.5 percent at the end of 1990, the mutual fund tracker said; in 1991, the S&P 500 Index ($SPX) rose 31 percent. At the end of 1999, cash on the sidelines ($3.8 billion) was a record-low 21 percent of the total market cap at the time ($17.7 trillion) said Trim Tabs.
