The stock market tumbled more than 50% since its peak in 2007, causing many investors to flee to cash. At the end of 2008, the percentage of all mutual fund assets invested in money market funds (37%) stood at its highest level on record, surpassing the previous peak during the bear market of 2002 (34%).http://personal.fidelity.com/misc/framesets/iwarticle.shtml?pagename=IW0903herdingcash
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