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To: AllansAlias who wrote (22602)11/27/2001 2:01:23 PM
From: JRI  Read Replies (2) | Respond to of 209892
 
UFB baby....just heard Personal Finance guy for Wall Street Journal make the (ridiculous) argument that one should have the majority of one's "emergency" fund (6 months living) in the market, because money market rates are so low- g, ng

Claims that, by nature, emergencies are rare occurences, so they don't happen to often-g (so, by extention, I guess, the odds are low you will actually ever use your emergency fund)

Howz the saying go, "This is going to end so badly"..

Holy crap, I turned my back and COMPX up another 7 pts...Its 1999 all over!



To: AllansAlias who wrote (22602)11/27/2001 2:04:54 PM
From: marginmike  Read Replies (1) | Respond to of 209892
 
the refusal of the market not to sell off is reminiscent of fall of 1999 and early 2000(tech). it seems to be a liquidity thing, where this is just to much money sloshing arround. That being said this thing could really go much higher as liquidity is absorbed into financial markets. I wont play it that way, but unless this market can start selling off with gusto I fear a repeat of 99 here and the mother of all shorting OPPs is just arround the quarter.