market: In the first quarter, Tiger 21, a coalition of 750 members worth in excess of 75 billion, raised cash to levels not seen since 2013, according to Market Watch. Not much changed in the second quarter in terms of keeping powder dry. And by the looks of Monday's action, hell might not be too far away. The group's holding 12% in cash. As Tiger 21 President Michael Sonnenfeldt previously told Market Watch, the stock market is priced to perfection' and rising economic inequality leading to greater polarization in America and elsewhere. What has changed, however, is that these deep-pocketed investors, in the call of the day, are continuing to move away from equities and build up their positions in real estate.
(news.financializer.com). As
reported in the news.
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