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No Capitulation Necessary

The Compound and Friends

CHAPTER

Is It a Good Capitulation?

cash balances are rising and it is not a good capitulation. It's just that here is a free 4% and never worried about anything ever again Isn't that like so we're looking at like oh everyone's in cash. Yeah, cuz they're getting 4% Dude, I wanted to sell something to being you they're not sound cashed by cash understood But sell something that could be that could move that is standard deviation of 20 or 25 Versus being in cash Or some stocks it makes sense. That to me doesn't scream capitulation if you tell me they're in cash And they're earning zero like they were three years ago. That's capitulation.

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