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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (40166)	9/20/2008 3:38:43 PM
From: vegetarian	Read Replies (3) \| Respond to of 218131

Is there a site that shows all MM funds that have broken buck? I don't find that anywhere? heard recently from friend that RPFXX MM broke a buck from Lehman that was offered in 401K. There is lots of these around but that information is not forthcoming. think following: -feds tried to let Lehman go under after a lot of thinking last weekend and reconciling with other banks but did not work, that shit hit fan and lot of dead bodies from that in MM funds, lot of people bailing out and opening new accounts in bigger banks credit unions (per daily newspaper) -fed now convinced they need to bail each and everyone out and anybody going down not an option so they need to buy time -they reintro no shorting rule, sends short covering spike in the market to cool people, don't think that will help people they seem to be getting awake, this just buys time until they intro the new bailout pack -the bailout pack and its price is extremely inflationary, will put upward pressure on rates -after bailout package is done, the risk of banks failing and housing troubles is reduced, the fed will have ability to soon raise rates (what is there to loose?) -money comes out of stocks, gold and into bonds -we see stocks heading lower, possibly commodities and head into recession. If they don't raise rates to cool inflation just to keep jobs (mostly new admin will decide this fate) gold will mostly go higher on the inflationary bailout action. II think this admin will not raise rates until end of the year so gold goes higher till then. If new admin pushes for higher rates things go into recession -until now we knew what was going to fail (banks/housing) now the we are driving blind because we don't know what will fail and how it will fail, all we know is something will fail big, we will get hit from an unkown and its getting hard to protect from such unknown events. You thinking differently on outcome for next few months?