1982 all over again?

Is it 1982 all over again? With the largest US corporations sitting on a record $640billion in cash it is no wonder that many market observers are calling this 1982 all over again. 375 companies in the S&P 500 have over 62 weeks of income in there pockets which could be used to fuel, mergers acquisitions and leveraged buyouts (LBO’s).Merger mania in the early 1980’s preceded the 1982-2000 bull market. This creates an explosive combination where low equity valuations meets lots of cash rich and low debt companies.