.@RayDalio on markets in 2018

“There is a lot cash on the sidelines. Not just investor cash…Banks have a lot cash. Corporations have a lot cash. We’re going to be inundated with cash. That’s going to produce a lot of stimulation and perhaps a market blowoff. That is, a situation where if you are holding any cash you’re going to feel pretty stupid. With that, everyone is going to be more deployed. Classically, this is late cycle behavior. As you get that movement, the question becomes how does the federal reserve react, or how do central banks react?”