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Intel Corporation Message Board

  • bubblenomics bubblenomics Nov 19, 2007 10:59 AM Flag

    Fleck says money-markets don't look

    like safe havens, can you imagine if a large money market fund announces the breaking of the buck? Commercial paper nightmare.

    http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/NoShelterFromTheHousingStorm.aspx

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    • "can you imagine if a large money market fund announces the breaking of the buck?"

      1) that has already happened (so it might be a little late to be worrying about it). Of course, anyone who has their cash in commercial paper money funds for the sake of making a few extra basis points is a moron anyway.

      2) Isn't Flenckenstein the guy who was calling for a collapse in housing back in 2000 (just before the explosion to the upside in housing prices)?

      3) Isn't he also the guy who, along with Fred Hickey, called for INTC to go to 12 when it was at $17? In fact, didn't he do that twice? And didn't INTC immediately rally many points after those calls?

      4) Do you call him "Fleck" because he's a personal friend of yours or because you have been snookered just like the guys who call Jim Cramer "Crames" and Todd Harrison "Toddo"? In other words, what makes you think these guys are working to increase your account balance?

      So may I suggest you do a little independent thinking instead of beating the drum for the shills?

      • 1 Reply to buttstainp
      • I did take his advice and switched from Vanguard Prime mm to treasure mm, I'll lose about 3/4 of 1% but the safety is worth it.

        Believe me, If a Vanguard or Fidelity mm breaks the buck the market will crash. That GE mm is like a fly on a horses ass compared to those.

        No Im not friends with the guy, but I do take him seriously,in 2000 at the height of the tech bubble he said," when the dog wets the rug to many times you have to put him down." He was right on.

 
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