“Alphabet’s $118 Billion Cash Pile Poses a New Problem”

“…The Google owner generated nearly $29 billion in cash in the second quarter after cutting thousands of jobs and efforts to stanch losses in its various moonshot projects. That left Alphabet with cash and short-term marketable securities of about $118 billion, more than any other company in the Nasdaq 100 Stock Index aside from Apple Inc.’s total of about $167 billion…”

https://finance.yahoo.com/news/alphabet-118-billion-cash-pile-092957812.html

Looks like they’re waiting too. Everyone, the smart people at least, are stockpiling cash for a reason. Everyone reading this should be doing it as well. When the market tanks they will strike like lighting.