Posted Apr 2, 2014 by Martin Armstrong
The numbers are in. U.S. companies (excluding banks) are all cashed up holding more cash on their balance sheets than ever in history – some $1.64 trillion at the end of 2013. That is up 12% over 2012. If history repeats, they will start to buy their own shares back when the market turns down. So much for US equities being overvalued.