Cash has always traditionally been pegged against the real adjusted inflation rate of return and has been touted as a poor class of asset class over the long run. The idea that cash will always return below the long run average return of inflation means you will lose out in the race of compounding the longer you held them.

But still cash does have their own usefulness.

For one, everyone who's holding on to cash in their portfolio are doing some sort of hedging one way or another, especially against asset classes such as stocks which has direct relation to the market condition of the economy.

But that's the irony.

Theoretically speaking, if the world is full of companies or investors who's holding stashes of cash trying to deploy capital during dark times, then prices wouldn't go down.

For retail investors like you and me however, it is a different ...