Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: NucTrader	8/3/2007 4:15:44 PM
	Read Replies (2) of 436258

"Safe" money market funds Was listening to CNBC near the 4PM close - guy chatting and said he had heard AXA Financial, French firm's money market accounts had dropped from a NAV of 1.00 to NAV around 0.80 because the money market was connected to mortgage backed securities. I went in as deep as I could into the money market stuff backing my bokers money market accounts - basically they own stuff from Morgan Stanley, Citibank, etc. etc. Prior to the close today, switched out of their Money Market Funds into 1 and 3 month T-bills. "Just in case"...hate to pull up my "safe" money market and have it reflect a NAV of 0.75 in case of a meltdown.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next