Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (15509)	4/4/1998 4:44:00 PM
From: Tommaso	Read Replies (1) of 94695

The old-fashioned runs on banks occurred because of a history of banks' going completely under and depositors never getting their money back. I suppose uneasiness about quick access to one's money could cause a brief disturbance of the banking system--and there would be a lot of confusion if only a small percentage of depositors insisted on receiving cash. My guess is there could be some local riots--as happens for much more ludicrous reasons, such as a desire for a Cabbage Patch Doll. I think some people were hurt locally years ago when the K-Mart had a special on some Texas Instrument computers--worthless junk as it turned out--at $50 each. I keep saying that I think the mutual fund is our equivalent of the nineteenth-century bank account. I really think that there are a lot of people who consider that they can get all their money right back out any time they want it. I can see panics in that case--and I would not want to work in a brokerage when it happened. As a matter of fact I would tell my wife to take a different way home from work if the market crashes. Her usual route goes past a couple of brokerage offices.

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