I see, there is the faulty premise though. There are dozens of very solvent companies today. In fact there are dozens of companies that are valued for less than the cash they hold on their balance sheets, let alone future growth. In other words, if a company has 100 Billion in cash the stock market today values the company at 90 billion....hardly insolvent!
There are actually a fair number of solvent consumers as well. Sure there are job losses, and there are people who are not solvent, but not everyone is in the same boat.
Fact is that there is a lot of cash sitting on the sidelines both in the US and Canada right now. That doesn't make for anything less than concrete gains when the money begins to move in.
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