Could be capital leaving the country if the Dollar is in a downtrend. But, who really knows. One thing is certain, its unlikely the "smart money" is buying at this time.
Much of the money will likely be going overseas. Some into safer shorter-term debt instuments.
Did youy see that Warren Buffett interview in FORTUNE? He is keeping a very large cash and near cash position because he thinks stocks and long-term bonds BOTH offer very poor risk-rewards tradeoffs here.
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