For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument has become less compelling. Adding to the uncertain environment for market participants, bond yields remain low by historical standards, meaning that the primary alternative to equities doesn’t look very alluring either, offering investors few appealing options. “There’s been an expression for stocks in markets: TINA. It stands for, ‘There Is No Alternative.’ I think the most appropriate expression for this market is CITA. Cash Is The Alternative,” said Doug Kass, president of Seabreeze Partners. “I’m the polar opposite of Mae West,” he added. “West said she liked two types of men: domestic and foreign. I don’t like stocks or bonds.” West was an outspoken Depression-era actress and comedian.via