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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: KymarFye who wrote (9951)4/11/2002 10:12:07 PM
From: LPS5   of 12617
 
I know, man. I'm laughing because there's someone out there who thinks that (a) they have a chance of anticipating the type of financial hardship that could overtake a securities firm by doing technical analysis and (b) that they might somehow slip a wire tranfer past what would likely be an employee-free firm by the time the magnitude of the problem was known definitively. To see someone taking something that serious lightly, well, it's enough to make one laugh or cry...and you've seen my decision. ;-)

With regard to what is and isn't covered, where money market funds and the like are covered, see the following:

sipc.org

...and I certainly wouldn't dare to estimate lag times to be made whole in terms of certain brokerage arrangements, predominance of securities in a given account, etc.; all I'm saying is, it takes a lot longer than most people like waiting to see their money again. Certainly a couple or few years, in some cases. I'd bet the average time is north or south of a year by a month or so, in fact.

LP.
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