Over $52 billion was stuffed into money market funds last week – the most since the panic of 2008/2009.

Not since the chaotic days of late 2008 and 2009 – when we had much greater uncertainty, illiquidity and systemic crisis than today – have we seen so much money flee risk and go into “money of zero maturity”, aka MZM.  MZM is now equal to 96% of the total market value of the S&P 500.  This kind of spike in the percentage of near cash relative to equities has only occurred very near market bottoms. Jeb Terry, Sr. Aug 17, 2011

Aberdeen Investment Management – a guide service for micro-cap technology investment

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