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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Carl Fritch who wrote (2557)	2/9/1998 1:34:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 4969

First, no investment is 100%, even US Treasuries. They are as close as it gets, but there is no such thing as 100% certainty. If the market goes down, and the firm with it, you usually have SIPC insurance which covers upto 100k in cash and 400k in securities. I believe the Money market would fall into the 400k department. As well, many firms, ours included, get extra insurance. We have insurance upto 74 1/2 million more through Asset Guarantee Corp. If the market collapses, forget cash in the bank...they'll run thebanks then the brokerage firms (you cant exactly walk in the door at your firm and get cash as easily as a bank)....hard goods will be all that is left.... wonder if buffetis thinking that way abut the silver he took deliver on. Regards, Steve@yamner.com