Market volatility swelled and companies began hoarding cash instead of chasing deals while the cost of capital climbed.

随着资金成本的上升，市场波动性加大，企业开始囤积现金，而不是急于交易。

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We believe that higher volatility warrants high cash balances as volatility leads to market dislocations and good buying opportunities.

我们认为，在波动性带来市场混乱的时候，较高的波动性保证了较高的现金余额，带来了良好的买进机会。

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Many respondents said they are holding cash to protect against ongoing market volatility.

FORBES: Investors Stash More Cash

But importantly, in these days of stock market volatility, it could also be in cash, fixed interest or property depending on the way your pension is set up and how much investment risk you are prepared to take.

BBC: purse and cash