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the real supply\demand drivers (sorry largecap retailers!)... confirm record absolute cash levels is below median % and reflects crushed dollar valuation\purchasing power. % equity remain near alltime high.
Comments
Added: where does silver & gold fit in?
good question. must be near 0 physical vs miners\etf\fund\commodity contracts.
or, jpm may have it stored off book in a decommissioned missile silo.