I think he means a severe and rapid implosion of the economy due to a systemic meltdown of the banking system. Basically this scenario is off the table since March. Doesn't mean the economy won't be soft for a long time to come.
Never seen a 'hedge fund' in 100% cash.. must be one of them hedge funds you can enroll via a form on the back of the Fruit Loops box..
You are 100% cash, you mean to tell everyone here that your 100% cash in the biggest bull market ever??? Isnt this the biggest bull market according to you, if you dont believe in a recession and thinking everything is all fine and dandy why dont you have that cash hard at work in the stock market. Too funny. TOOOOOOOOOOOOOOOOOOOOOO FUNNNNNNYYYYY....
cash on the sideline is usually bearish IMO,,, why not buy if you think it's great value. cash is paying 2%!!!!!! either you don't have cash or that cash is for trading or other purposes.
most business or even banks don't have any cash. that cash on the balance sheet is float or petty cash or working capital to cover bills like most people.
Sounds like you are the one that is incapacitated and out of touch . . . http://news.yahoo.com/s/nm/20080610/bs_nm/markets_stocks_dc_19 So much for being a hedge-fund trader.
Sounds like you and he should get together and manage a fund . . . You can be long the Airlines, the DUG, and the UYG, because you are so BULLISH on the Economy, while Hedge-Fund Trader can be sitting in 100% cash. Sounds like the perfect Dynamic Duo!
You've never seen a bunch of top notch paper traders at work then. We own the markets, my staff and I are consistently hitting the bulleyes. And for the record, I donot eat fruit loops. Sounds like the breakfast of wimps and chart destroyers.