All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: AllansAlias who wrote (35590)	5/25/2000 11:53:00 AM
From: Ken98	Read Replies (1) of 42523

Alan, booger's evil twin reece says something like that: <<Btw, did anyone here know that there is about $2 trillion sitting in US money market accounts, a holdover of the Y2K fears? It's just sitting there waiting for the Fed to finish their business. That's $2 Trillion just sitting there waiting to pick us US equities at discount prices.>> Message 13763051 One of the more inane statements that I have ever read. Like everyone in the country is going to drain their cash management/trust/savings accounts (which is what a good portion of the MM funds are) to buy csco at a "discount price"? The better way to put the question is - what is presently the total in MM funds and short dated debt securities and how that figure relates to the historical average? The difference being some sort of estimate as to how much is "on the sidelines" and "available" for the equity markets. I do not know the answer but would be interested in finding out. Regards, Ken.

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