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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (74916)	2/19/2008 3:33:31 PM
From: Sunny Jim	Respond to of 116555

<<I can't shake the feeling that more than a few money funds are going to break the buck before long.>> I agree with you totally and have had money in treasuries since last fall for the very reason you state (too early on my prediction obviously). So far the money funds have staved off breaking the buck but sooner or later the "enhance yield" funds are going to have to write off some junk and there are undoubtedly some that have too much of that junk. When breaking the buck starts making the news, people are going to freak and start pulling money out of any fund their in. Then the funds will freeze withdrawals and we'll have chaos IMO.