Another good chart about this tons of cash on the sidelines bullshit

Excerpt

http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm

Mutual Fund Cash Levels

(Updated 12/08/09)

The stock market needs cash to fuel a rally. The following chart shows the Mutual Fund Cash Levels vs. the S&P 500 from 1968.