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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (93559)	12/14/2001 11:10:09 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

T, Money funds definitely have "anti-run" language in their prospectuses, as do all mutual funds. But we have to keep in mind that there are also many govt. and treasury money funds out there, along with muni funds. And many brokerages are already migrating from money funds to FDIC bank deposits. Still, it could be a problem and investors may some day learn about the "orderly markets" provisions in that prospectus they never read.

To: Tommaso who wrote (93559)	12/14/2001 11:40:20 AM
From: Ahda	Read Replies (1) \| Respond to of 132070

finance.yahoo.com "What hasn't been tested is handling several big cos. in different industries When Sumitomo sold off many of their holdings in CA due to problems in Japan,CA was a recessive economy. Combine with that loss the possibility of currency being at reduced value it terms of yesterdays purchase price. The YEN is around 127 We are invested in Japan we have companies who are in the banking industry there. The risk on global holdings due to currency is increased. If you purchased a business in dec 1999 for every USA dollar you spent your cost was 102 yen now the yen is at 124. So if you sold in terms of yen and convert that into profit dollars you are receiving .79 for your dollar, which was worth .97 in 1999 you have a loss in other words. That loss doesn't mean too much on an every day base it does decrease your profit on US balance sheet but if for some unknown reason you have to get out of the business in Japan you are in for a double whammy. Today due to ENE i feel many fund managers are scrutinizing what they hold. The difficulty here is you can have too many selecting similar stocks for criteria reasons and due to sheer numbers seeking value, the stock is no longer at a rational price. There is still an awful lot of money sloshing around out there and low rates that assume some of that sloshing will go beyond unions raising wages.