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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: jim black who wrote (734)11/17/2000 2:17:14 PM
From: vegetarian  Read Replies (2) of 74559
 
>>I am out of money markets entirely and have 90 day T.bills. Do you feel safe in money markets if Osama bin Laden takes out another American warship and/or little camel boy(saddam) moves on Kuwait again. <<

So can you point us to instances of periods where keeping money in money markets actually resulted in incurring losses for investors (not just underperformance but actual losses)? In principle, I agree that the value of the money market fund can fall below $1 based on where and how the money is invested. Many of those investments appear safe enough though if you were invested in a reasonable fund like FDRXX (Fidelity's money market fund).
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