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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (74)	11/19/2000 8:19:05 PM
From: bambs	Respond to of 253

when in a money market fund often a large percentage of the fund is in "commercial paper" 60% is not uncommon. Most people have know idea what makes up the "commercial paper" part of their money market fund. It's usually short term bonds. But you never now...until it's too late. There will be many companies defaulting on their bonds in the future. I expect some shocking developments in money market funds in the future. People think it's like being in cash. It's close but still risky? You get a 1/2% or more interest over t-bills but you get risk. One must investigate the money market fund they are in to protect themselves. T-Bills are the main alternative as unattractive as they may seem. I prefer to balance a long term portfolio with T-Bills and shorts in the DIA and SPY. I think the upside in the DIA and SPY is limited right now. I beleive we will have a hard landing and both are ripe for a fall. Bambs