Infusion of Cash Could Boost Stock Market
Infusion of Cash Could Boost Stock MarketInfusion of Cash Could Boost Stock Market
Sunday August 28, 2:19 pm ET
By Ellen Simon, AP Business Writer
Wall Street Still Waiting for That Infusion of Cash That Could Produce the Next Stock Boom
NEW YORK (AP) -- Is there a reservoir of cash waiting to gush into the stock market? If so, it could only help stocks, which rise with cash flows, as we saw in the go-go 1990's.
"You can't have go-go without flow-flow," said Edward Yardeni, chief investment strategist at Oak Associates. "It's always easy money that creates the speculative excesses in global booms."
Equity investors aren't looking for a boom -- they're looking for any gains, since major indexes are almost flat for the year. That's why one of the big questions of the day is whether there's enough cash on the sidelines to do the job.
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