People feeling the markets are heading for a crash or correction are putting money into cash and cash equivalents.
Rates at 5% or more are coming available.
From CNN.com
With the fed funds rate at 5.25 percent, it's fairly easy to find a high-yield savings account paying 5 percent, according to Peter Crane, president of Crane Data, a firm that tracks money market mutual funds and other cash investments. The fed funds rate is an overnight bank lending rate that influences other rates.
Besides offering a pretty attractive yield, cash is easy to access and offers investors flexibility during times of uncertainty.
Nolte's holding his cash mainly in short-term Treasury bills, but everyday investors looking to beef up their cash reserves will probably want to opt for money market mutual funds or bank savings accounts.
