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Replies to post #10968 on MMCLUB

Replies to #10968 on MMCLUB

MSGI

09/20/07 6:37 PM

#10969 RE: designer #10968

Hi Designer, I just can't figure out how this market hasn't tanked all the way down to 10,000 on the Dow with all the crap that is going on. I was 100% cash for the last 2 months, but bought a few thousand shares of an oil stock, so now I am only 99.8% cash. I did buy a few CD's like Pappy mentioned. I was starting to worry that with the money in money market funds that even those may not be immune to the sub prime fallout. At least the CD's are government insured. If the government fails, we have a lot more to worry about than our money.