Founder and Co-CIO of Bridgewater Associates Says "The Worst Asset You Can Have is Cash"
Dalio discusses interest rates with Bloomberg’s Tom Keene and David Gura on Bloomberg TV. In the interview, Dalio says the only time one should hold cash is in terrible economic conditions.
There you have it - cash is trash. Nothing can possibly go wrong buying stocks or even Bitcoin at these PEs and prices.
Mike "Mish" Shedlock