On Mar 15, 1:04 am, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
> US Treas. are not a very good deal right now
> so this don't mean diddly squat.
Fred, it means a great deal.
It means that global FDI will start moving away from the USA.
Not all investors are speculators like you.
Many (most?) are primarily interested in preservation of capital, and
are highly risk averse.
BSC is belly-up, Fred.
That's no joke.
And we know there's never just one cockroach.
Who's next?
JPMorgan
Chase
Lehman Brothers
Goldman Sachs
Merrill Lynch
Gartner
E TRADE
Morgan Stanley
Citi
More to the point, which one do you trade on?
If your brilliant equity plays yield great returns but your borker
goes tits-up, you're left penniless.
That is no longer a theoretical consideration; it's a relevant risk,
and it's non-trivial.
That's why on Friday I moved 80% of my ****tfolio into FDIC insured
CD's.
Even if GMAC Bank bites it, I'm insured by the bank of last resort.
(screw money market funds, they could be next to burn)
..
..d
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