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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (147100)9/16/2008 5:44:48 PM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
How about this? Money market giant freezes redemptions
marketwatch.com

One of the first and largest money market funds has put a seven-day freeze on redemptions after the net asset value of its shares fell below $1. Primary Fund a $62 billion fund managed by money market fund inventor The Reserve, said Tuesday afternoon that its $785 million holding of Lehman Brothers Holdings debt has been valued at zero. As of 4 p.m., the value of the fund's share is 97 cents.



To: patron_anejo_por_favor who wrote (147100)9/16/2008 7:02:38 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
This is SO far from a final bottom. That's why I de-hedged a little more today. Didn't get spectacular prices, but I'm ready to let the shorts stand on their own.

`BC