Yes alot of cash but look at the debt too
By Peter Boockvar - December 10th, 2010, 12:34PM
As evidenced by the front page of today’s WSJ, a big bull case for the economy and also for stocks is all the cash on company balance sheets. We hear it all the time. But, in order to fairly analyze this argument one must look at the entire balance sheet, not just the asset side where cash sits. In the Q3 Fed flow of funds statement out yesterday where $1.93T of cash is cited on corporate America’s balance sheet, the liability side has corporate debt at an all time record high of $7.3T. Cash as a % of this debt is thus at 26.4%. It is at a high level but not much different than where it was in ’05 and ’06 when it was 27.3% and 25.5% respectively and not far from 25.2% at year end 2009.
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December 10th, 2010 at 12:51 pm
FYI … “a lot” is two words.
» http://dictionary.reference.com/browse/a+lot
“Allot”, on the other hand, is one word:
al-lot (verb): to divide or distribute by share or portion; distribute or parcel out; apportion: to allot the available farmland among the settlers.
=^.^=
December 10th, 2010 at 1:17 pm
Really Jack? You don’t think Peter knows how to spell? Or maybe, unlike you, he’s got better things to do than meticulously review his posts for possible grammar errors that are completely irrelevant to the purpose of the post.
December 10th, 2010 at 1:32 pm
Relax “Pure-Water” … totally tongue-in-cheek Friday conviviality.
December 10th, 2010 at 1:38 pm
Sure it was.
December 10th, 2010 at 2:11 pm
A. Lot. It’s hard to take investment advice from someone who didn’t learn 7th grade English.
December 10th, 2010 at 5:06 pm
clearly a case of “thou protesteth too much”, Jesse.
and just a question: JesseLivermore should be 2 words?
God, it must be Friday.
December 10th, 2010 at 6:11 pm
Yes, it must be Friday…Hey folks it is a typo not a grammatical or spelling mistake…how smart does that mke the nitpickers?
December 10th, 2010 at 8:51 pm
I really like this Alot-related comic by Hyperbole and a Half, a whole lot:
http://hyperboleandahalf.blogspot.com/2010/04/alot-is-better-than-you-at-everything.html
December 11th, 2010 at 1:17 am
Someone once asked me: just exactly, how much is a shitload? My response was: more than you can imagine. But I digress…
December 11th, 2010 at 11:30 am
Presently, allot less would be more appropriate.
December 12th, 2010 at 1:43 am
I burst out laughing when my 9th grade English teacher wrote “alot” on the board and claimed some of my classmates were making this spelling error. Then I realized he wasn’t joking.
Amazing that supposedly intelligent/educated people can’t avoid this in their own writing. Even more amazing that someone would feel compelled to defend its use.
December 12th, 2010 at 10:50 am
whotta buncha cranky grammer-nazis …
:-]
December 16th, 2010 at 10:07 pm
Here’s A lot of non-non sense: “Felix qui nihil debet” translated from divine Latin into broken French (as English is called in France): Happy is he who owes nothing, notwithstanding this admonishing advise from the Romans, thus Happy Holidays?